Dec, 31, 2023 — CAROLINA FOOTHILLS FEDERAL CREDIT UNION is a federal credit union headquartered in SPARTANBURG, SC with 6 branch locations and about $197.46 million in total assets. Opened 64 years ago in 1960, CAROLINA FOOTHILLS FEDERAL CREDIT UNION has about 19,030 members and employs 64 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 |
|---|---|
| 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: | 19,030 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13476 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $197,458,564 |
| CEO/Manager: | Scott Weaver |
| Chairperson: | Isaac B Dickson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,230,933 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 74,998,317 |
| Unsecured Loans | 9,843,163 |
| Other Loans | 53,089,838 |
| TOTAL LOANS | 137,931,318 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,195,402 |
| Land And Building | 5,922,361 |
| Other Fixed Assets | 181,465 |
| NCUSIF Deposit | 1,590,116 |
| All Other Assets | 43,073 |
| TOTAL ASSETS | 197,458,564 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 4,488,301 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,982,071 |
| Regular shares | 64,620,103 |
| All Other Shares & Deposits | 58,435,006 |
| TOTAL SHARES & DEPOSITS | 164,037,180 |
| TOTAL LIABILITIES | 173,525,481 |
| Regular Reserve | 0 |
| Other Reserves | 180,187 |
| Undivided Earnings | 23,752,896 |
| TOTAL EQUITY | 23,933,083 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 197,458,564 |
| INCOME & EXPENSE | |
| Loan Income | 7,225,405 |
| Investment Income | 966,799 |
| Other Income | 1,681,119 |
| Total Employee Compensation & Benefits | 4,422,874 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,333,130 |
| Non-operating Income & (Expense) | 2,077,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 908,373 |
| Cost of Funds | 1,969,634 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,351,075 |
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