Carolina Foothills Federal Credit Union is headquartered in Spartanburg and is the 18th largest credit union in the state of South Carolina. It is also the 1,404th largest credit union in the nation. It was established in 1960 and as of September of 2020, it had grown to 51 employees and 16,918 members at 5 locations. Carolina Foothills Federal Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership in Carolina Foothills Federal Credit Union is open to those who live, work, worship, or attend school in the South Carolina counties of Greenville, Spartanburg, or Cherokee. Employees of more than 125 local businesses/companies also qualify for membership, as do immediate family and household members of current members.
See current membership details
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Good reputation
I decided to open an account at Carolina Foothills Federal Credit Union because they had a good reputation and they were known for more sound practices overall than some corporate banks. Their service is usually very good, unless they are really busy then you have to wait for a while. My checking and savings accounts were free and only required me to have a minimum of $25. Since opening my account that minimum has gone down to $5. While they are a business they seem to do a good job at giving the customer a savings. I have had times where my account was overdrawn and I wasn't able to bring it positive for several days. Many times the credit union did not charge me their $35 fee. I have been in direct communication over the internet with a couple different associates but one in particular goes above and beyond for me regularly. I appreciate her effort and it makes me want to stick with the bank and have a good relationship with them.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13476 |
| Year Chartered | 1960 |
| Employees | 51 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.95% |
| Return on Equity - YTD | 8.92% |
| Annual Interest Income | $4.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $146.1MM$120.1MM |
| Loans | Q3 2020vs Q3 2019 | $92.3MM$85.6MM |
| Deposits | Q3 2020vs Q3 2019 | $127.8MM$103.3MM |
| Equity Capital | Q3 2020vs Q3 2019 | $15.4MM$14.2MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $634.00K$610.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $14.00K$394.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |