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CARO FEDERAL CREDIT UNION

Sep, 30, 2021 — CARO FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBIA, SC with 2 branch locations and about $109.81 million in total assets. Opened 55 years ago in 1967, CARO FEDERAL CREDIT UNION has about 6,177 members and employs 17 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:6,177
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:$109,807,735
CEO/Manager:Anne Shivers
Chairperson:Kenneth Corbett

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,281,313
TOTAL INVESTMENTS 27,359,223
Loans Held for Sale 0
 
 Real Estate Loans 34,789,479
 Unsecured Loans 6,412,457
 Other Loans 21,955,027
 TOTAL LOANS 63,188,656
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -344,478
 Land And Building 2,834,965
 Other Fixed Assets 319,444
 NCUSIF Deposit 893,532
 All Other Assets 5,275,080
  TOTAL ASSETS 109,807,735
LIABILITIES & CAPITAL:  
 Dividends Payable 10,341
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,629,590
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 31,163,406
 Regular shares 53,170,015
 All Other Shares & Deposits 8,741,444
  TOTAL SHARES & DEPOSITS 93,074,865
  TOTAL LIABILITIES 95,714,796
 Regular Reserve 1,610,702
 Other Reserves 1,020,992
 Undivided Earnings 11,461,245
  TOTAL EQUITY 14,092,939
  TOTAL LIABILITIES, SHARES, & EQUITY 109,807,735
INCOME & EXPENSE  
 Loan Income 2,460,953
 Investment Income 152,364
 Other Income 664,574
 Total Employee Compensation & Benefits 1,355,177
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,077,698
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 93,281
 Cost of Funds 164,712
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 446,694
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