# CAROLINA TRUST
MYRTLE BEACH, SC · NCUA charter 12361 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/carolina-trust-12361

Who the members are: federal charter, community charter, organized 1958, low-income designated. 40,399 members of 360,000 potential (11.2% of the field); checking penetration 53% (share draft accounts per 100 members); loans per 100 members 38.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $419.6M |
| Members | 40,399 (-2.0% YoY) |
| Full-time staff | 104 |
| Net worth | $40.6M |
| Net worth ratio | 9.7% (p25 of band) |
| ROA (annualized) | 0.93% (p67 of band) |
| Total delinquency | 0.76% (p64 of band) |
| Net charge-offs (annualized) | 0.96% (p87 of band) |
| Loans / shares | 83% (p74 of band) |
| Cash / assets | 8.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.70% (p96 of band) |
| Operating expense / assets | 4.62% (p86 of band) |
| Vehicles % of loans | 40% (p63 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 65% |
| Third-party paper % of net worth | 199% (p80 of band) |
| Vehicle delinquency | 0.93% (p74 of band) |
| Vehicle NCO | 2.16% (p93 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 43% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 70% |
| Core shares % of member funds | 75% |
| Certificates % of member funds | 10% |
| Average share balance | $5,666 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $16.9M |
| Loans outstanding per 100 members | 38% |
| Loans granted per 100 members, annualized | 6% |
| Average loan balance | $20,584 |
| Loans granted, annualized | $126.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $16.9M outstanding purchased (41.6% of net worth), $0 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares 0.5% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | auto monoline |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | delinquency rising |  |
| 2018-06 | 2 |  | delinquency rising |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 | delinquency rising | auto monoline |
| 2019-12 | 2 |  |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 3 | net worth falling |  |
| 2020-09 | 2 |  | delinquency rising |
| 2020-12 | 2 |  |  |
| 2021-03 | 5 | thin capital, margin squeeze, delinquency 2x band |  |
| 2021-06 | 3 |  | margin squeeze, delinquency 2x band |
| 2021-09 | 3 |  |  |
| 2021-12 | 3 | delinquency 2x band | net worth falling |
| 2022-03 | 4 | delinquency rising |  |
| 2022-06 | 4 |  |  |
| 2022-09 | 5 | members leaving |  |
| 2022-12 | 4 |  | delinquency rising |
| 2023-03 | 5 | charge-offs p90 |  |
| 2023-06 | 4 |  | thin capital |
| 2023-09 | 2 |  | delinquency 2x band, members leaving |
| 2023-12 | 2 |  |  |
| 2024-03 | 4 | thin capital, net worth falling |  |
| 2024-06 | 2 |  | thin capital, net worth falling |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 1 |  | charge-offs p90 |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-12-29 [Carolina Trust Federal Credit Union proudly appoints system administrator - CUInsight](https://news.google.com/rss/articles/CBMitAFBVV95cUxOcFAtNjloRnBXMk4tSkJXZ09kLWVDZTNhVE02QmdBaUpBcnJzSUNnWmtLMFl2Q2ZFMVFmT0ZEY3pGUHc4Rnk5cWREcHRRNEdLa0FxSWpqaUloR1U3VUFzYnZKRVM0bU9XZW9mQ29BZmhtR0hrek5RV1ctNUlINUFRb203TUxlbldhV3hXWm1xUHlIbHhNNnZGWGN6SF96QW1UVWlFNVFHeG0wckpGV0NwRmlvcG8?oc=5) · CUInsight
- 2026-06-30 [Carolina Trust FCU named Best Bank and Best Mortgage for another year - WMBF](https://news.google.com/rss/articles/CBMinwFBVV95cUxPTldfaGYwbzZGWHJmdkhyTnNlbklCazNrZ1ZmRHVxOERvZjRmUWdieVlDM1FtSERHRV9FVzVzREJ3RXE0dTFzNVhuczJ4NmR0Z2wxdkdPQ0c3aFR5dk5pMTVkSVV1b29sOXFwN0E2NzZ1c2p3N1Jrejk0b1BMLVN3c2lFbkp3cVozMlJBMVNVT2JMSzJSSE1HbVhNWk5Dc2PSAbMBQVVfeXFMTjdnSnVnWEVqRTVIWTU5THliNjN6VFlmQUlPWm42S2JGQnNjQ3lsNnpsb3h3Nmc3TTl3SUExU3A5R1gxbEFZcWZ2bWlTQVNhSGxCcDhQRnJtZEF4MVJLLUVTLU5wUm1qWkE1a1FXUWQ5QlFQY0dRQ01IU05ENXJrTkpnaGN1Y1BxaFVwbDRBbWJzSl9qWWx4bkJaRDVqc1g4ck9FYWx5S2RwNHJEVnVfczZzZ00?oc=5) · WMBF
- 2024-09-25 [Women in Business - Carolina Trust Federal Credit Union - Grand Strand Magazine](https://news.google.com/rss/articles/CBMihwFBVV95cUxPRXZDNEstVXFGbnVxVEhEQXVzSEo0OHVUWkRMOC1WQlFQSlZQRlBMVzBId095SE5XMUdjdUZvWnhOSlBWMGRyVUZYRGd3YnM0THJLVTFSa0lnelgxMWFLQWcweDF1dHhsY3drd0cwbFZMdDlJcVhwV2ZBdkt2QUllbXZ3THBPTUU?oc=5) · Grand Strand Magazine
- 2025-09-26 [Carolina Trust Federal Credit Union celebrated opening of new Lake City branch location with a ribbon cutting - CUInsight](https://news.google.com/rss/articles/CBMi5AFBVV95cUxQNVhqa2syODkxS2lOc0hfa2liS0ZMWEZUTjZsWkdReUNiQXd6eXU0MGVlVDFtQ0xNZ0l4ZFZUbjZNbEFWeDdnTzN1S0ZXc0xSU1k1RUZjZDhxLUJMejRzWnI4dWxFS0FfdVYxSXJMTGVoYkM5anZ6VE9aT0lCME11eTNZT1ItZy13dUJuRllFT0E0R2gzdExXTXNzTnh6MVdBSDlXeEgyeHZ4akMySG9MeWJLUUMxY1BlV3VUZmRodnM0b21xSVRxanNkSjEwMERGRkcwQ2NpLTJRWExlQ0ViSFVMSGQ?oc=5) · CUInsight
- 2024-02-08 [Carolina Trust Federal Credit Union Proudly Announces Its Support of the McLeod Health Foundation - newswire.com](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOeUprSjhQUWZSR0V6RHV2Z0w1cmZBOVRLUWU0UHRzNmx2SlFkTjlSa0Uxc0VtMkltbnNpRDVQOEFRbVFFWmZtQjZ6T1ZVNzlHX1NYOC1ibWxBUjFmUHkyZkY0M01mSW1PVE1UdFA0dDVQZFZOYTJkTmU3SVB4Q241NExmYzMyeGxwWnRDNngzSGs2d00xaWdRdnJpLTgzLXlJR2NjUi1ZdkFGRGs?oc=5) · newswire.com
- 2017-11-09 [Future CEOs take their first steps toward the corner office | Credit Union Journal - American Banker](https://news.google.com/rss/articles/CBMirAFBVV95cUxPWDhjWGRKNzByUi1uSTJrUFBZTTZIcEQ0eFEtYjN2VnhLV1hJU19DUHRGWV8zOWNKM0k1QzdZeWFmRzdPeFNLblRhQi1CS2t3UEdnYURvMTh4YnpPV1p3bE9HYV9OVy03T1RFSmZORl9EN0taVWRQYWh3X3Iwc292ZXNLSTBKU2dmWHhjV2hIU0RobWYzVzVPS2lRbG5yX3ppWGpqZkJkSXNYVnF0?oc=5) · American Banker
- 2019-03-22 [Carolina Trust Federal Credit Union | Myrtle Beach, SC - Grand Strand Magazine](https://news.google.com/rss/articles/CBMiekFVX3lxTE1MS3NwU0ozeFlWNndRRXdVWExmQVRmVFR1VDFfa0tLRi1zZTFfekJHcUtMZkVuZlEwQVpwTFh5cUdSOTNpMkRRNDJkajBYNWpIRFNETTNIb1dHVGZyMC1fNl9HSzJQNWpLOWNFQVMtV1BBWjN6eHR3c2ln?oc=5) · Grand Strand Magazine
- 2022-03-17 [Carolina Trust Federal Credit Union appoints new Director of Member Experience and AVP/Regional Manager - CUInsight](https://news.google.com/rss/articles/CBMi3AFBVV95cUxNRHRHdk91RERPRktzZ1pTeGhfM2tYYUh5Q3lMMTl4VEJrR2tqSWJ3M29hTEs5VHd4VlFYV0IzV19qT3Rsc0VlRmdmU0xxZmZWZmpYOVNEc3ozWGh0V3ZWQjZMQ3hYRHNGLUd1YzNoeDdTbXZZZERuemJ5UGljTk80UHYzclQ5dUpPN3l2QkRGQ2xrRTdSLTJZS0QtMURUN2tvc21sRmVkMHFLM2NMNW9oQ2VOQlZ5Y1FZbnNPZGZmZ3RuQ3gtYkp0TGJueWFLeWZHNW9YV19qT3F0bW0y?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=12361 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/9.json (key "12361", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=12361
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide