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Carpenters Federal Credit Union

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Carpenters Federal Credit Union Rates & Review May 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Carpenters Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: May 4, 2026

You can compare Carpenters Federal Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 3.75%, 6-month share certificate rates at 0.75% and 3-month share certificate rates at 2.78%. Savings rates are at 0.25% and money market rates are at 1.76%. Mortgage rates on 30-year fixed loans are around 5.91%. All these rates can be compared to Carpenters Federal Credit Union rates. MonitorBankRates evaluates the financial stability of Carpenters Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.83%. Rates were last updated on 05/04/2026.

Carpenters Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Carpenters Federal Credit Union? Share your experience about Carpenters Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Carpenters Federal Credit Union.

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.83%

Excellent Lower than avg

Carpenters Federal Credit Union
Carpenters Credit Union Main

720 Olive St
Saint Paul, MN 55130 4405

https://mycarpenterscu.org

Current Rate Availability

We do not have Carpenters Federal Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Carpenters Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Carpenters Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Carpenters Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Carpenters Federal Credit Union

Website https://mycarpenterscu.org

Address 720 Olive St, Saint Paul, MN 55130 4405

Phone 651-646-8827

Fax 651-646-1834

President Ryan Pecinvosky

CEO Kimberly Waite

Full-Time Employees 9

Part-Time Employees 0

Branch Locations 2

ATM Locations 0

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (99/100)

Texas Ratio

1.83%

Return on Assets (ROA)

1.3629%

Return on Equity (ROE)

8.9383%

Non-Performing Loans Ratio (NPL)

0.58%

Total Assets

43,322,371

Total Amount of Shares and Deposits

37,136,185

Total Shares and Deposits < 1 Year

37,136,184

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

627,794

Total Uninsured Shares and Deposits > $250K (F+J)

627,794

Total Insured Shares and Deposits > $250K (item 17 less item K)

36,508,391

Total Interest Expense (Sum of items 6 8)

53,244

Share Certificates

Number of Accounts for Share Drafts

8,979

Number of Accounts for Regular Shares

15,594

All other shares

6,903

Money Market Shares

Net Income (unless the amount is already included in Undivided Earnings)

590,448

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

1,197,299

Total Liabilities

36,716,546

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

There are no reviews for Carpenters Federal Credit Union yet. Feel free to create one below.

Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.

Average Rating

☆☆☆☆☆

Total Reviews

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Frequently Asked Questions About Carpenters Federal Credit Union

Is Carpenters Federal Credit Union a safe place to deposit money?

Yes, Carpenters Federal Credit Union is considered a safe financial institution. With a Texas Ratio of 1.8289161459772%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does Carpenters Federal Credit Union operate?

Carpenters Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Carpenters Federal Credit Union?

Yes, to access services at Carpenters Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Carpenters Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Carpenters Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Carpenters Federal Credit Union offer online and mobile banking?

Most modern institutions like Carpenters Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://mycarpenterscu.org.