Cpm Federal Credit Union
Headquarters
1066 E Montague Ave
North Charlesto, SC 29405
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2024 Overview
General Credit Union Information
Cpm is an NCUA insured institution located in North Charlesto, SC. It was founded in 1955 and has approximately $620.4 millions in assets.
Who can join?
You can be eligible in one of five ways:
1. Work for a qualified member company.
2. Live, work, worship, attend school in Orangeburg or Calhoun County
3. Live, work, worship, attend school or volunteer in an approved area in Charleston County.
4. Be a member of the SC Firefighters' Association
5. Be an immediate family member of a CPM Federal member or live in the household. Immediate family includes: spouse, parent, grandparent, siblings, and children.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 21971 |
| Date Established | 1955 |
| Assets | $620.40 million |
| Loans | $403.99 million |
| Deposits | $555.24 million |
| Capital | $59.88 million |
Field of Membership Restrictions
Must work for one of over 400 South Carolina businesses. Also open to those who live, work, worship or attend school in Orangeburg, Calhoun or approved areas in Charleston County.
Deposit Rates - April 16, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.02% | $2,500 | $4,999 |
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|
|
Money Market
|
0.15% | $2,500 | $2,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.25% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.25% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.25% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.25% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.25% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.20% | $1 | $499 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.02% | $2,500 | $3,499 | Learn More |
Loan Rates - April 16, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Cpm
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
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|---|---|---|---|---|---|---|
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: 1907 |
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NMLS ID: Not a Lender |
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NMLS ID: 491986 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Cpm
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Cpm branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
CPM is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Cpm Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Cpm. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Cpm | U.S. Average |
|---|---|
| 7.17% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Cpm had $4,441,106 in non-current loans and $15,725 in owned assets. To cover these potential losses it had $59,881,813 in net worth and $2,291,334 in loans loss reserves. That gives it a Texas Ratio of 7.17%.
Net Worth
| Cpm | U.S. Average |
|---|---|
| 9.61% | 13.62% |
Cpm FCU has a net worth of 9.61% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Cpm
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