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Carter Credit Union

Overview
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Carter Credit Union is a federal credit union based in Springhill, Louisiana. It has been opened since 1954, for 66 years.

With around $350,180,000 in assets, Carter Credit Union is considered to be a very large credit union. It has 7 branches and 8 ATM locations.

About
Address Po Box 814
Springhill, Louisiana 71075
Website http://www.carterfcu.org
Phone (318) 539-4655
Fax (318) 539-5104
CEO Joe Arnold
President of the Board Joyce Butler
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
26,028 members
Membership type: Multiple common bond – primary transportation
Above average number of members
260:1
Credit union member to staff ratio
260 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$350,177,798
Total assets
Above average
7 branches
Compared with an average of 4 nationally and 2 in Louisiana
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
8.80%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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7 branches
Compared with an average of 4 nationally and 2 in Louisiana
Above average number of branches
Carter Credit Union Branch Locations

Carter Credit Union: Magnolia Branch 04
45 Highway 79 North
Magnolia, Arkansas 71753
ATM Available
Carter Credit Union: Bossier Branch
2901 Meadow Creek Drive
Bossier City, Louisiana 71111
ATM Available
Carter Credit Union: Asc
6889 Bert Kouns Ind Loop
Shreveport, Louisiana 71129
No ATM
Carter Credit Union: Operations
133 S. Main Street
Springhill, Louisiana 71075
No ATM
Carter Credit Union: Bayou Walk-Kroger Branch 08
6652 Youree Drive
Shreveport, Louisiana 71105
ATM Available
Carter Credit Union: Minden Branch 05
918 Homer Road
Minden, Louisiana 71055
ATM Available
Carter Credit Union: Springhill Branch 03
100 W. Church Street
Springhill, Louisiana 71075
ATM Available
Carter Credit Union: Mansfield Branch 02
7288 Highway 509
Mansfield, Louisiana 71052
ATM Available
Carter Credit Union: Shreveport Branch 07
6885 Bert Kouns Ind Loop
Shreveport, Louisiana 71129
ATM Available
Members
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26,028 members
Membership type: Multiple common bond – primary transportation
Above average number of members

With 26,028 members, the Carter Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 85% of credit unions.

Fees
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$194
Average fee per member
The average fee per member at the Carter Credit Union is $194, which is very high compared to most credit unions. This rate is higher than 99% of all credit unions.
Fees are higher 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 Carter Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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260:1
Credit union member to staff ratio
260 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
100 staff members
FTE (full-time equivalent)
10% of employees are part-time
95 full-time, 10 part-time

Carter Credit Union has 95 full-time staff members and 10 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 90% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Carter Credit Union has around 260 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$350,177,798
Total assets
Above average
Net worth
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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.
8.3%
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
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$16,667
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 85% of credit unions.

Carter Credit Union holds a total of $272,190,000 in loans and leases, which is about $16,667 per member on average.

Savings interest rate
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0.25%
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. Carter Credit Union pays 0.25%.

Loan rates
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8.80%
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
4.49%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.99%
New car loan rate
Compared to 4.0% nationally
3.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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