Mar, 31, 2021 — CAROLINA FOOTHILLS FEDERAL CREDIT UNION is a federal credit union headquartered in Spartanburg, SC with 5 branch locations and about $162.13 million in total assets. Opened 61 years ago in 1960, CAROLINA FOOTHILLS FEDERAL CREDIT UNION has about 17,251 members and employs 55 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) | PO Box 1411 Spartanburg, SC 29304 |
| Phone: | (864) 585-6838 |
| Fax: | (864) 585-3896 |
| Website: | https://www.carolinafoothillsfcu.coop/ |
| Branches: | 5 branch locations |
| Members: | 17,251 |
| 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: | Oct 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $162,127,126 |
| CEO/Manager: | Scott Weaver |
| Chairperson: | Isaac B Dickson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,167,249 |
| TOTAL INVESTMENTS | 30,465,977 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 42,846,687 |
| Unsecured Loans | 8,861,207 |
| Other Loans | 46,286,209 |
| TOTAL LOANS | 97,994,103 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -578,544 |
| Land And Building | 4,079,391 |
| Other Fixed Assets | 203,459 |
| NCUSIF Deposit | 1,218,851 |
| All Other Assets | 3,576,640 |
| TOTAL ASSETS | 162,127,126 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,997,704 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,756,512 |
| Regular shares | 62,190,080 |
| All Other Shares & Deposits | 43,864,291 |
| TOTAL SHARES & DEPOSITS | 142,810,883 |
| TOTAL LIABILITIES | 145,808,587 |
| Regular Reserve | 2,720,762 |
| Other Reserves | 180,187 |
| Undivided Earnings | 13,417,590 |
| TOTAL EQUITY | 16,318,539 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 162,127,126 |
| INCOME & EXPENSE | |
| Loan Income | 1,273,264 |
| Investment Income | 62,092 |
| Other Income | 398,816 |
| Total Employee Compensation & Benefits | 932,002 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 914,441 |
| Non-operating Income & (Expense) | 46,875 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 113,834 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 327,822 |
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