Carolina Trust Federal Credit Union
Overview / Commentary
Carolina Trust Federal Credit Union is headquartered in Myrtle Beach and is the 14th largest credit union in the state of South Carolina. It is also the 860th largest credit union in the nation. It was established in 1958 and as of December of 2021, it had grown to 85 employees and 44,351 members at 7 locations. Carolina Trust Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Carolina Trust Federal Credit Union is open to those who reside, regularly conduct business or work, volunteer, attend school or worship in Georgetown, Horry, Marion, southern part of Florence County (south of Lynches River), Williamsburg, South Carolina or Brunswick County in North Carolina. Family of credit union members are also eligible.
See current membership details
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Health
B+
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 12361 |
| Year Chartered | 1958 |
| Employees | 85 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.81% |
| Return on Equity - YTD | 9.73% |
| Annual Interest Income | $10.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $370.8MM$305.3MM |
| Loans | Q4 2021vs Q4 2020 | $220.3MM$213.7MM |
| Deposits | Q4 2021vs Q4 2020 | $336.1MM$273.0MM |
| Equity Capital | Q4 2021vs Q4 2020 | $30.5MM$28.0MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $2.7MM$2.5MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $2.2MM$1.5MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |