Mar, 31, 2022 — CAROLINA FOOTHILLS FEDERAL CREDIT UNION is a federal credit union headquartered in SPARTANBURG, SC with 6 branch locations and about $192.55 million in total assets. Opened 62 years ago in 1960, CAROLINA FOOTHILLS FEDERAL CREDIT UNION has about 17,657 members and employs 59 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 FOOTHILLS FEDERAL CREDIT UNION |
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Address: (Main Office) | 520 N Church St SPARTANBURG, SC 29303-3034 |
Phone: | (864) 585-6838 |
Fax: | (864) 585-3896 |
Website: | https://www.carolinafoothillsfcu.coop/ |
Branches: | 6 branch locations |
Members: | 17,657 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13476 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $192,552,885 |
CEO/Manager: | Scott Weaver |
Chairperson: | Isaac B Dickson |
ASSETS: | $ Amount |
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Cash & Equivalents | 19,473,011 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 57,990,531 |
Unsecured Loans | 7,863,425 |
Other Loans | 48,186,711 |
TOTAL LOANS | 114,040,667 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -439,089 |
Land And Building | 6,266,904 |
Other Fixed Assets | 199,330 |
NCUSIF Deposit | 1,425,687 |
All Other Assets | 14,508 |
TOTAL ASSETS | 192,552,885 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,932,834 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 44,653,555 |
Regular shares | 71,918,021 |
All Other Shares & Deposits | 52,100,182 |
TOTAL SHARES & DEPOSITS | 168,671,758 |
TOTAL LIABILITIES | 171,604,592 |
Regular Reserve | 0 |
Other Reserves | 180,187 |
Undivided Earnings | 20,768,106 |
TOTAL EQUITY | 20,948,293 |
TOTAL LIABILITIES, SHARES, & EQUITY | 192,552,885 |
INCOME & EXPENSE | |
Loan Income | 1,544,468 |
Investment Income | 51,811 |
Other Income | 454,697 |
Total Employee Compensation & Benefits | 1,038,601 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 988,062 |
Non-operating Income & (Expense) | 956,140 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 112,967 |
Cost of Funds | 119,650 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,245,601 |
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