Mar, 31, 2021 — CAROLINA TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in MYRTLE BEACH, SC with 7 branch locations and about $335.42 million in total assets. Opened 63 years ago in 1958, CAROLINA TRUST FEDERAL CREDIT UNION has about 43,452 members and employs 89 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, P.O.BOX 780004 MYRTLE BEACH, SC 29578-7804 |
| Phone: | (843) 448-2133 |
| Fax: | (843) 626-3470 |
| Website: | http://carolinatrust.org |
| Branches: | 7 branch locations |
| Members: | 43,452 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $335,417,781 |
| CEO/Manager: | B. Timothy Carlisle |
| Chairperson: | Billy M Marlowe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 51,529,001 |
| TOTAL INVESTMENTS | 49,455,300 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 99,504,307 |
| Unsecured Loans | 12,248,031 |
| Other Loans | 111,891,271 |
| TOTAL LOANS | 223,643,609 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,582,652 |
| Land And Building | 7,722,033 |
| Other Fixed Assets | 804,429 |
| NCUSIF Deposit | 2,695,818 |
| All Other Assets | 2,150,243 |
| TOTAL ASSETS | 335,417,781 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,975,963 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 85,800,845 |
| Regular shares | 156,592,994 |
| All Other Shares & Deposits | 59,854,489 |
| TOTAL SHARES & DEPOSITS | 302,248,328 |
| TOTAL LIABILITIES | 307,224,291 |
| Regular Reserve | 1,503,609 |
| Other Reserves | 946,815 |
| Undivided Earnings | 25,743,066 |
| TOTAL EQUITY | 28,193,490 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 335,417,781 |
| INCOME & EXPENSE | |
| Loan Income | 2,516,025 |
| Investment Income | 90,516 |
| Other Income | 744,979 |
| Total Employee Compensation & Benefits | 1,602,950 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,723,431 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 310,000 |
| Cost of Funds | 73,889 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 359,316 |
| ↑ Back to Top | |