Sep, 30, 2025 — CAROLINA TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in MYRTLE BEACH, SC with 7 branch locations and about $408.62 million in total assets. Opened 68 years ago in 1958, CAROLINA TRUST FEDERAL CREDIT UNION has about 40,816 members and employs 100 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 |
|---|---|
| Address: (Main Office) | 1010 21st Ave N MYRTLE BEACH, SC 29577-7485 |
| Phone: | (843) 448-2133 |
| Fax: | (843) 626-3470 |
| Website: | https://www.carolinatrust.org |
| Branches: | 7 branch locations |
| Members: | 40,816 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12361 |
|---|---|
| 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, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $408,623,308 |
| CEO/Manager: | B. Timothy Carlisle |
| Chairperson: | Billy M Marlowe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,732,771 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 157,870,544 |
| Unsecured Loans | 16,063,990 |
| Other Loans | 130,533,766 |
| TOTAL LOANS | 304,468,300 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,382,316 |
| Land And Building | 9,880,960 |
| Other Fixed Assets | 861,258 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,521,102 |
| All Other Assets | 0 |
| TOTAL ASSETS | 408,623,308 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,897,834 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 97,897,847 |
| Regular shares | 174,251,066 |
| All Other Shares & Deposits | 93,912,926 |
| TOTAL SHARES & DEPOSITS | 366,061,839 |
| TOTAL LIABILITIES | 370,959,673 |
| Regular Reserve | 0 |
| Other Reserves | 257,041 |
| Undivided Earnings | 37,406,594 |
| TOTAL EQUITY | 37,663,635 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 408,623,308 |
| INCOME & EXPENSE | |
| Loan Income | 13,321,474 |
| Investment Income | 2,171,473 |
| Other Income | 2,681,336 |
| Total Employee Compensation & Benefits | 6,871,769 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,994,813 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,950,000 |
| Cost of Funds | 1,433,298 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,871,949 |
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