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Carco Credit Union Share
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Overview Share
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Carco Credit Union is a federal credit union based in Denton, Maryland. It has been opened since 1954, for 68 years.

With around $5,730,000 in assets, Carco Credit Union is considered to be a small credit union.

About Share
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Address 114 Market St, Suite 208
Denton, Maryland 21629
Website http://carcofcu.com
Phone (410) 479-5200
Fax (410) 479-5200
CEO Thomas E. Schiff
President of the Board Milton Nagel
Services Offered
Score Card Share
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68 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
638 members
Membership type: Educational
Below average number of members
638:1
Credit union member to staff ratio
638 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$5,725,192
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Maryland
Average number of branches
1.50%
Savings interest rate
Compared to 0.3% nationally
9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 3 in Maryland
Average number of branches
Carco Credit Union Branch Locations

Carco Credit Union: Carco
114 Market Street Suite 208
Denton, Maryland 21629
No ATM
Members Share
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638 members
Membership type: Educational
Below average number of members

With 638 members, the Carco Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 88% of credit unions.

Fees Share
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$5
Average fee per member
The average fee per member at the Carco Credit Union is $5, which is very low compared to most credit unions. This rate is lower than 87% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Carco Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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638:1
Credit union member to staff ratio
638 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
1 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 2 part-time

Carco Credit Union has 0 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Carco Credit Union has around 638 members per staff, a high ratio compared to other credit unions.

Assets Share
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$5,725,192
Total assets
Below average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
11.9%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$7,191
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 76% of credit unions.

Carco Credit Union holds a total of $2,010,000 in loans and leases, which is about $7,191 per member on average.

Savings interest rate Share
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1.50%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Carco Credit Union pays 1.50%.

Loan rates Share
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9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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3.00%
New car loan rate
Compared to 4.0% nationally
4.00%
Used car loan rate
Compared to 5.2% nationally

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