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