In their sixth year under head coach Raymond Wolf, the Tar Heels compiled a 3–7 record (2–4 against conference opponents), finished 11th in the Southern Conference, and were outscored by a total of 172 to 130.
[1] Three North Carolina players were selected by the United Press (UP) or the Associated Press (AP) for the 1941 All-Southern Conference football team: tackle Dick Steck (AP-2, UP-2); center Carl Suntheimer (AP-3); and back Harry Dunkle (AP-3).
100 (out of 681 teams) in the final rankings under the Litkenhous Difference by Score System for 1941.
[4] The team played its home games at Kenan Memorial Stadium in Chapel Hill, North Carolina.
Coach Wolf left the school in March 1942 to join the United States Navy.