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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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