Sep, 30, 2025 — CARO FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBIA, SC with 3 branch locations and about $124.97 million in total assets. Opened 59 years ago in 1967, CARO FEDERAL CREDIT UNION has about 7,137 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CARO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4480 Rosewood Dr COLUMBIA, SC 29209-2629 |
| Phone: | (803) 227-5555 |
| Fax: | (803) 227-5566 |
| Website: | https://www.smartcaro.org |
| Branches: | 3 branch locations |
| Members: | 7,137 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24404 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $124,967,832 |
| CEO/Manager: | Anne Shivers |
| Chairperson: | David Black |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,899,920 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 56,128,770 |
| Unsecured Loans | 4,825,337 |
| Other Loans | 22,671,422 |
| TOTAL LOANS | 86,294,568 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -777,178 |
| Land And Building | 3,247,510 |
| Other Fixed Assets | 364,346 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,021,893 |
| All Other Assets | 87,104 |
| TOTAL ASSETS | 124,967,832 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,805 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 33,511 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,192,301 |
| Regular shares | 61,047,645 |
| All Other Shares & Deposits | 14,660,444 |
| TOTAL SHARES & DEPOSITS | 106,900,391 |
| TOTAL LIABILITIES | 106,952,707 |
| Regular Reserve | 0 |
| Other Reserves | 1,030,815 |
| Undivided Earnings | 16,984,310 |
| TOTAL EQUITY | 18,015,125 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 124,967,832 |
| INCOME & EXPENSE | |
| Loan Income | 4,511,750 |
| Investment Income | 438,184 |
| Other Income | 862,358 |
| Total Employee Compensation & Benefits | 2,034,104 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,925,967 |
| Non-operating Income & (Expense) | -39,812 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 294,428 |
| Cost of Funds | 781,228 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 439,960 |
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