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National Credit Union Service Organization

CARO FEDERAL CREDIT UNION

Dec, 31, 2020 — CARO FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBIA, SC with 2 branch locations and about $105.29 million in total assets. Opened 54 years ago in 1967, CARO FEDERAL CREDIT UNION has about 6,666 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253978824
Name:CARO FEDERAL CREDIT UNION
Address:
(Main Office)
4480 ROSEWOOD DRIVE
COLUMBIA, SC 29209-2629
Phone:(803) 227-5555
Fax:(803) 227-5566
Website:http://www.smartcaro.org
Branches:2 branch locations
Members:6,666
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:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$105,289,177
CEO/Manager:Anne Shivers
Chairperson:Kenneth Corbett

Call Report

  • Commercial Loans
  • Credit Builder
  • Debt Cancellation/Suspension
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 19,563,630
TOTAL INVESTMENTS 10,930,571
Loans Held for Sale 0
 
 Real Estate Loans 34,996,056
 Unsecured Loans 7,727,912
 Other Loans 22,945,951
 TOTAL LOANS 65,743,019
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -509,314
 Land And Building 2,912,266
 Other Fixed Assets 377,954
 NCUSIF Deposit 893,083
 All Other Assets 5,377,968
  TOTAL ASSETS 105,289,177
LIABILITIES & CAPITAL:  
 Dividends Payable 22,580
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 476,605
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 28,221,695
 Regular shares 51,020,372
 All Other Shares & Deposits 11,632,014
  TOTAL SHARES & DEPOSITS 90,874,081
  TOTAL LIABILITIES 91,373,266
 Regular Reserve 1,610,702
 Other Reserves 1,290,658
 Undivided Earnings 11,014,551
  TOTAL EQUITY 13,915,911
  TOTAL LIABILITIES, SHARES, & EQUITY 105,289,177
INCOME & EXPENSE  
 Loan Income 3,576,210
 Investment Income 74,766
 Other Income 1,597,654
 Total Employee Compensation & Benefits 1,907,223
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,482,106
 Non-operating Income & (Expense) 87,722
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 255,031
 Cost of Funds 282,678
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 409,314
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