Dec, 31, 2020 — CAROLINA TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in MYRTLE BEACH, SC with 8 branch locations and about $305.34 million in total assets. Opened 63 years ago in 1958, CAROLINA TRUST FEDERAL CREDIT UNION has about 43,052 members and employs 87 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CAROLINA TRUST FEDERAL CREDIT UNION |
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Address: (Main Office) | 1010 21ST AVE N, P.O.BOX 780004 MYRTLE BEACH, SC 29578-7804 |
Phone: | (843) 448-2133 |
Fax: | (843) 626-3470 |
Website: | http://carolinatrust.org |
Branches: | 8 branch locations |
Members: | 43,052 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12361 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Mar 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $305,336,351 |
CEO/Manager: | B. Timothy Carlisle |
Chairperson: | Billy M Marlowe |
ASSETS: | $ Amount |
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Cash & Equivalents | 61,300,672 |
TOTAL INVESTMENTS | 19,661,625 |
Loans Held for Sale | 0 |
Real Estate Loans | 90,586,240 |
Unsecured Loans | 12,792,917 |
Other Loans | 110,274,865 |
TOTAL LOANS | 213,654,022 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,473,815 |
Land And Building | 7,727,077 |
Other Fixed Assets | 779,740 |
NCUSIF Deposit | 2,473,679 |
All Other Assets | 2,213,351 |
TOTAL ASSETS | 305,336,351 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,364,143 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 75,242,283 |
Regular shares | 139,688,299 |
All Other Shares & Deposits | 58,019,200 |
TOTAL SHARES & DEPOSITS | 272,949,782 |
TOTAL LIABILITIES | 277,313,925 |
Regular Reserve | 1,503,609 |
Other Reserves | 1,135,069 |
Undivided Earnings | 25,383,748 |
TOTAL EQUITY | 28,022,426 |
TOTAL LIABILITIES, SHARES, & EQUITY | 305,336,351 |
INCOME & EXPENSE | |
Loan Income | 9,458,475 |
Investment Income | 521,274 |
Other Income | 5,204,441 |
Total Employee Compensation & Benefits | 6,067,072 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,203,417 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,217,000 |
Cost of Funds | 324,193 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,372,508 |
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