Dec, 31, 2023 — CAROLINA TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in MYRTLE BEACH, SC with 7 branch locations and about $391.72 million in total assets. Opened 66 years ago in 1958, CAROLINA TRUST FEDERAL CREDIT UNION has about 40,544 members and employs 95 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 TRUST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1010 21st Ave N MYRTLE BEACH, SC 29577-7485 |
| Phone: | (843) 448-2133 |
| Fax: | (843) 626-3470 |
| Website: | https://carolinatrust.org |
| Branches: | 7 branch locations |
| Members: | 40,544 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12361 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $391,724,863 |
| CEO/Manager: | B. Timothy Carlisle |
| Chairperson: | Billy M Marlowe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 41,237,170 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 135,941,885 |
| Unsecured Loans | 14,119,806 |
| Other Loans | 132,936,011 |
| TOTAL LOANS | 282,997,702 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,982,472 |
| Land And Building | 10,058,106 |
| Other Fixed Assets | 428,799 |
| NCUSIF Deposit | 3,480,818 |
| All Other Assets | 0 |
| TOTAL ASSETS | 391,724,863 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,251,210 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 90,741,974 |
| Regular shares | 168,291,400 |
| All Other Shares & Deposits | 95,357,349 |
| TOTAL SHARES & DEPOSITS | 354,390,722 |
| TOTAL LIABILITIES | 358,641,932 |
| Regular Reserve | 0 |
| Other Reserves | -1,877,305 |
| Undivided Earnings | 34,960,236 |
| TOTAL EQUITY | 33,082,931 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 391,724,863 |
| INCOME & EXPENSE | |
| Loan Income | 14,335,527 |
| Investment Income | 1,581,412 |
| Other Income | 3,361,262 |
| Total Employee Compensation & Benefits | 7,565,107 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,229,978 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,290,000 |
| Cost of Funds | 1,498,204 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,213,453 |
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