Since our founding in 1934, Carolinas Telco Federal Credit Union (CTFCU) solely focused on serving the financial needs of telecommunications workers and their families in North and South Carolina. As the years have progressed, the concentration of eligible credit union members decreased drastically, due primarily to the changing business conditions within our core industry. In response, CTFCU applied to the National Credit Union Administration (NCUA) for an expanded membership charter. The NCUA recently issued approval of CTFCU’s new Multiple Common Bond charter, which now gives more people the ability to apply for credit union membership.

These groups now qualify for CTFCU membership:

Select Employer Group (S.E.G)

This designation includes companies from any industry, who have signed an agreement to allow their workers to join CTFCU. Anyone currently employed with a S.E.G. can become a member of the credit union. All interested companies within our service areas are encouraged to become a CTFCU preferred business partner.


Under a Multiple Common Bond charter, credit unions can offer membership to individuals who are also mutual members of an association or cooperative. CTFCU has partnered with various organizations throughout the Carolinas and can now offer membership to persons affiliated with these groups.

Underserved Areas

These are combined geographic areas possessing a smaller concentration of financial institutions. The National Credit Union Administration (NCUA) defines these areas as not currently offering banking services sufficient to meet the economic needs of a majority of residents. Any person who lives, works, worships, or attends school within an underserved area can join CTFCU. At this time, CTFCU can offer membership to people within select zip codes of Mecklenburg and Wake counties in North Carolina.

Immediate Family and Household

At CTFCU, when you become a member, your family can also become members.

To learn more about our membership eligibility or to become a member, click here.


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