Carter Federal Credit Union
Carter Federal Credit Union is a mid-sized, federally-chartered credit union headquartered in Springhill, LA. The credit union operates 7 branches in 2 states (Louisiana and Arkansas). It has $182.9 million in assets and roughly 25,500 members.
Products offered include: Carter CD, Jumbo CD, Health Savings, Share Savings, IRA Savings, My Carter Rewards Checking, Gold Checking and Business Checking.
Current Carter Federal Credit Union Rates
| Name | Term | APY | Min Deposit | |
| Carter CD | 6 months | 0.70 % | $1,000 | |
| 1 year | 0.85 % | $1,000 | ||
| 2 years | 1.16 % | $1,000 | ||
| 3 years | 1.51 % | $1,000 | ||
| 4 years | 1.81 % | $1,000 | ||
| 5 years | 2.17 % | $1,000 | ||
| Jumbo CD | 6 months | 0.83 % | $50,000 | |
| 1 year | 0.98 % | $50,000 | ||
| 2 years | 1.28 % | $50,000 | ||
| 3 years | 1.64 % | $50,000 | ||
| 4 years | 1.94 % | $50,000 | ||
| 5 years | 2.30 % | $50,000 |
Carter Federal Credit Union Membership Eligibility
If you live, work, worship or attend school, or are a business or other legal entity in Caddo, Bossier, Webster, Bienville, Claiborne, DeSoto or Red River Parishes, and Columbia or Lafayette Counties, you can join Carter Federal. Your family members, co-workers and neighbors may also be eligible.
About Carter Federal Credit Union
Carter Federal’s beginnings date back to 1954, when the credit union was chartered to serve the employees of International Paper Company. The credit union remained at IP until its offices suffered significant fire damage and relocated off site. Not long after the fire, International Paper ceased operations in Springhill.
Between 1990 and 1997, Carter Federal moved into a new building in Shreveport, closed the El Dorado, Arkansas branch, moved the Operations Center to Main Street in Springhill and placed an ATM in the General Motors plant in Shreveport.
In 2000, Carter Federal added a new branch location — Minden, Louisiana. The Minden branch grew so quickly, we moved into a brand new building in 2001.
One more credit union merged with Carter Federal in 2002, the members of DeSoto Parish Teachers FCU in Mansfield, Louisiana.
Today, Carter Federal Credit Union serves the financial needs of over 25,000 members in 46 States.