Carolina Trust Federal Credit Union
Headquarters
1010 21st Ave N, P.o.box 780004
Myrtle Beach, SC 29578
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2024 Overview
General Credit Union Information
Carolina Trust is an NCUA insured institution located in Myrtle Beach, SC. It was founded in 1958 and has approximately $391.72 millions in assets.
Who can join?
Membership is open to residents, businesses and entities of Horry, Georgetown, Marion, Williamsburg and lower Florence County (south of Lynches River). If you live, work, worship, volunteer or attend school in the counties referenced above, then you can join. Relatives of members are also eligible to join our Credit Union.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 12361 |
| Date Established | 1958 |
| Assets | $391.72 million |
| Loans | $283.00 million |
| Deposits | $354.39 million |
| Capital | $36.58 million |
Field of Membership Restrictions
Membership is open to those who live, work, worship, volunteer or attend school in Horry, Georgetown, Marion, Williamsburg or lower Florence County (south of Lynches River)
Deposit Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.03% | $2,500 | $4,999 |
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|
|
Money Market
|
0.05% | $2,500 | $2,999 |
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|
|
Money Market
|
0.10% | $10,000 | $14,999 |
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|
|
Money Market
|
0.15% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.25% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.25% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.05% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.05% | $100,000 | $199,999 |
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|
Loan Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Carolina Trust
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.608% | 6.500% | 0.88 | $3,600 | $2,023 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: 491986 |
Learn More | |||||
NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Carolina Trust
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Branches
Below are Carolina Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
CAROLINA TRUST is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Carolina Trust Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Carolina Trust. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Carolina Trust | U.S. Average |
|---|---|
| 6.80% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Carolina Trust had $2,587,668 in non-current loans and $81,449 in owned assets. To cover these potential losses it had $36,584,423 in net worth and $2,669,994 in loans loss reserves. That gives it a Texas Ratio of 6.80%.
Net Worth
| Carolina Trust | U.S. Average |
|---|---|
| 9.4% | 13.62% |
Carolina Trust FCU has a net worth of 9.4% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Carolina Trust
ghattasmary941@gmail.com
July 17, 2018
the bank is very close to me but has terrible interest rate never bank with them.
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