The $1.45 billion First Carolina Corporate Credit Union more than doubled its earnings projections for 2011, ending the year $5.2 million in the black.
The Greensboro, N.C., corporate also reported in a release that retained earnings for 2011 totaled $8.4 million, for a ratio of 0.53%, surpassing the NCUA's October 2013 required threshold of 0.45%.
First Carolina also exceeded the NCUA's 4% total capital requirement by posting 5.20% at year-end 2011, based on 12-month rolling average assets.
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