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CARO FEDERAL CREDIT UNION

Mar, 31, 2022 — CARO FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBIA, SC with 2 branch locations and about $112.27 million in total assets. Opened 55 years ago in 1967, CARO FEDERAL CREDIT UNION has about 6,132 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 Dr
COLUMBIA, SC 29209-2629
Phone:(803) 227-5555
Fax:(803) 227-5566
Website:http://www.smartcaro.org
Branches:2 branch locations
Members:6,132
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$112,269,056
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 9,471,462
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 40,871,772
 Unsecured Loans 5,903,888
 Other Loans 24,006,394
 TOTAL LOANS 70,844,896
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -874,214
 Land And Building 2,790,851
 Other Fixed Assets 296,056
 NCUSIF Deposit 928,915
 All Other Assets 10,245
  TOTAL ASSETS 112,269,056
LIABILITIES & CAPITAL:  
 Dividends Payable 10,086
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,069,511
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 32,263,206
 Regular shares 56,420,738
 All Other Shares & Deposits 8,704,725
  TOTAL SHARES & DEPOSITS 97,388,669
  TOTAL LIABILITIES 98,468,266
 Regular Reserve 0
 Other Reserves -562,586
 Undivided Earnings 14,363,376
  TOTAL EQUITY 13,800,790
  TOTAL LIABILITIES, SHARES, & EQUITY 112,269,056
INCOME & EXPENSE  
 Loan Income 854,917
 Investment Income 70,187
 Other Income 242,806
 Total Employee Compensation & Benefits 452,639
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 708,852
 Non-operating Income & (Expense) -3,178
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 91,384
 Cost of Funds 31,234
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 28,152
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