About Us

About Carolina Cooperative Federal Credit Union

Carolina Cooperative Federal Credit Union, a federally-chartered credit union founded in 1962, must maintain itself by federal regulation as a not for profit institution with no profit incentives and a volunteer Board of Directors consisting only of credit union members.

9,500 plus members from various employer groups make up the membership/ownership of CCFCU. CCFCU is a strong, growing credit union that continues to grow by allowing expansion and diversification of its membership.

For more information about qualifying for membership at Carolina Cooperative please click here: MEMBERSHIP!

A primary goal of CCFCU is to provide our members with a variety of low cost or no cost services as well as simple interest loans of all types. Our members can also rest assured that each credit union account is federally insured by the National Credit Union Administration (NCUA) for up to $250,000.00.

Each member becomes an owner allowing other family members to enjoy CCFCU membership, and the credit union adheres to the policy, "Once a member, always a member".

Vision Statement

The vision of Carolina Cooperative Federal Credit Union is to SERVE and expand who we SERVE through planned growth; achieve and maintain the NCUA’s highest financial ratings; and offer services, technology and products equal to or better than the credit union and banking industries.

Our History

Carolina Cooperative Federal Credit Union derives its name from the fact that it is the result of a number of smaller credit unions that have cooperatively organized into one large credit union that offers a complete array of financial and insurance services to its members.

In 1962, the Char-Meck Teachers Credit Union was chartered to serve the teachers of the Charlotte-Mecklenburg School System. Its founder was Mr. K.C. Sinclair, a Charlotte Mecklenburg math teacher.

In July of 1990, the Rexham Federal Credit Union changed its name to Carolina Cooperative Federal Credit Union to better reflect its membership of many different companies.

In 1999, in order to increase their value to members and expand their services to more members, the Carolina Cooperative Federal Credit Union and the Char-Meck Credit Union merged. This merger resulted in a much larger credit union.

Although the name changed and a new logo was adopted, the Carolina Cooperative Federal Credit Union remains committed to the same philosophy that made the former Char-Meck Credit Union and the Carolina Cooperative Federal Credit Union so successful - that is: “Quality, friendly service to every member.”