# CAROLINA FOOTHILLS
Spartanburg, SC · NCUA charter 13476 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/carolina-foothills-13476

Who the members are: federal charter, multiple common bond, organized 1960, low-income designated, minority depository institution. 19,389 members of 105,000 potential (18.5% of the field); checking penetration 68% (share draft accounts per 100 members); loans per 100 members 45.

**Verdict on the desk:** this could be *ordinary*. 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 | $220.5M |
| Members | 19,389 (-0.5% YoY) |
| Full-time staff | 58 |
| Net worth | $27.1M |
| Net worth ratio | 12.3% (p64 of band) |
| ROA (annualized) | 3.02% (p100 of band) |
| Total delinquency | 1.04% (p81 of band) |
| Net charge-offs (annualized) | 0.46% (p58 of band) |
| Loans / shares | 85% (p78 of band) |
| Cash / assets | 13.8% |
| Borrowings / assets | 2.27% |
| Net interest margin | 3.61% (p54 of band) |
| Operating expense / assets | 4.99% (p93 of band) |
| Vehicles % of loans | 26% (p36 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p9 of band) |
| Vehicle delinquency | 0.42% (p38 of band) |
| Vehicle NCO | 0.56% (p47 of band) |
| Repossessed % of vehicle book | 0.30% (p90 of band) |
| Real estate % of loans | 33% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 187% |
| Core shares % of member funds | 57% |
| Certificates % of member funds | 25% |
| Average share balance | $5,312 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $11.2M |
| Loans outstanding per 100 members | 45% |
| Loans granted per 100 members, annualized | 18% |
| Average loan balance | $17,985 |
| Loans granted, annualized | $40.7M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $11.2M outstanding purchased (41.5% of net worth), $7.9M sold and retained. Sold in 3 and bought in 4 of the last 8 quarters. Shares 4.7% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | expense trap |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 0 |  | expense trap |
| 2017-06 | 1 | expense trap |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 2 | delinquency rising |  |
| 2019-12 | 1 |  | delinquency rising |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | net worth falling, margin squeeze | expense trap |
| 2020-09 | 1 |  | net worth falling |
| 2020-12 | 1 |  |  |
| 2021-03 | 3 | net worth falling, expense trap |  |
| 2021-06 | 1 |  | margin squeeze, net worth falling |
| 2021-09 | 2 | delinquency rising |  |
| 2021-12 | 1 |  | expense trap |
| 2022-03 | 0 |  | delinquency rising |
| 2022-06 | 2 | expense trap, delinquency rising |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 1 |  | delinquency rising |
| 2023-03 | 0 |  | expense trap |
| 2023-06 | 1 | delinquency rising |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 0 |  | delinquency rising |
| 2024-03 | 3 | losing money, expense trap, delinquency rising |  |
| 2024-06 | 4 | net worth falling |  |
| 2024-09 | 4 |  |  |
| 2024-12 | 4 |  |  |
| 2025-03 | 2 |  | losing money, net worth falling |
| 2025-06 | 1 |  | delinquency rising |
| 2025-09 | 2 | delinquency 2x band |  |
| 2025-12 | 1 | net worth falling | expense trap, delinquency 2x band |
| 2026-03 | 1 | expense trap | net worth falling |

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

- 2026-04-24 [Spartanburg County gives tax breaks to lure credit union’s ‘high-dollar employees’ from Greenville - Post and Courier](https://news.google.com/rss/articles/CBMi5wFBVV95cUxPd1Y0WWFmWmItQU5kUHU0eXZRYlFxNjZMUkJ1alZUR0F3RDY2SXU1LW5XSV9NNF9MaVFHQmNjOVZyNE1DdUJxZUZZSU8yMGNNbzFMTlJpT0hpYjNMbkUya1NxR25tNWlFYjRqOHQxaTFWaGRjbEh6QWwzUTZ3dkV3ZlVUbXVrSHZBbHR1ZVVJdGMxWW9vc182QzdyMUJmSEJDSDFpcGVrUTBQSlE2ZFdELXlHYmE3NDFpMjUxa0FZbDl0OWUtWVhhX3NXR19LbVA3OV81b21rbU5wQkJXZ0ZaWGF1dDluVWs?oc=5) · Post and Courier
- 2025-11-16 [Spartanburg credit union branch releases statement following fire - FOX Carolina News](https://news.google.com/rss/articles/CBMikgFBVV95cUxNb3F2dWo3ckdGQWpZT2o5dkwydkctM0daejBNTDBaWFFXdHRZSGtHR09SMl9CZ3JwWndkQU55MHZjU3Vsc0JWTXNRalhVRnRkd0lWbVhQS0h4NlZiLXpZUkg1TFdNcnFkeVJRb3lOblJiRlJtTTN1X1NKRzhiSlVYelAtS1lDVzFtNjVJaVVUamR1QdIBpgFBVV95cUxOSnpwenB3Vzg4TGtaZ2lpUnkwLWJuZG9aOTg0U0JJeUxlQkJhbUZkcENsbDNHSlduNGJ4SVRrSGw1cElMX0ZTeF9vcFF1MGhEYkppSElhN1Q1bXFJVXV5SDMxQS1Gc0JqZU9pa3FUSEQ2ZWpSZXA4dHkwZHVWaVNseWZwUzE3YkJheDByOVFXa3p0SkVRSkIwVWk2aEVaNlhJN0lZWjRn?oc=5) · FOX Carolina News
- 2026-02-25 [Upstate SC credit unions participate in Habitat Greenville build - Greenville Journal](https://news.google.com/rss/articles/CBMiswFBVV95cUxQMzZPNFV4UGIwXzliNU5sM1NiUU5BRVZNQkdoRnBWeUUzQ29rQTktRnozbV9BS3Y2TWtXWkcybV9RaWZIQnEyN2NfS1hic0VpRWpYanRkQkhVZGEtb2ZLMmZJbFFoVkQ5X09RWHNtMk04MUFoX3cyVTc5WjFqYUlYUnR4QkI2SW9uOHAwN05GdlZ0VjNFQ3lvUEMxWWZWOWw0WklkWmFFaVQxRXBWTmpsN0wzMA?oc=5) · Greenville Journal
- 2022-07-12 [Carolina Foothills Federal Credit Union Celebrates Grand Opening of Mauldin Branch - CUInsight](https://news.google.com/rss/articles/CBMiwAFBVV95cUxNYW8xVzNNQ3FCU0tMMXNVb2VxRUktaHlrQ0ZEZnEzQ0NKV2Z0ZnZUVVR0VzhDTXI4dGMxLWN3RFN0RnIxaW1DNmdWdmpaYzhXa0h2OVRiRmVLQjBoQzNJSWNJV3czYlNXU3FxWkVWQlNEVlV6WEJKVjdWWkJiLWJtVVRsU0xoZXY5aGJqQTY1dC1MMGpsNGhMcWUyT1dleHdleEFReGpsNUJDQjcwa1BLWUhjbU54MFNrMzM0eHZwNnM?oc=5) · CUInsight
- 2022-10-26 [Carolina Foothills Federal Credit Union Selects Mahalo Banking to Modernize Digital Platform - citybiz](https://news.google.com/rss/articles/CBMiywFBVV95cUxPWlo3c2l3dFVsa20xaVduN3BSa19VTHllRExsdkN5cTRkWE0tSnM5OUdUMXlCM2prYktUZUYzWGx0QUQ2YW93MGZNSFBjT1ZoSEdadWxqWWk4QkxaZnowMEtQemY5aWJEOVB0Ym1nWVc3LTN1VnB5VW1LcnlhU21PSzhONFozNGpodHdVT1h0VG82bHJwOVVNNHc2UHV1b1ZKeUxHMVZlUWlyRU5YaFlGb1N6STM5cVM2YmZWNHE2aFh2b29UbmpvQkpYQQ?oc=5) · citybiz
- 2018-03-27 [Carolina Foothills Federal Credit Union opens second on-campus branch at Cleveland Academy of Leadership - GoUpstate](https://news.google.com/rss/articles/CBMi-AFBVV95cUxQcEFzNUROWEFNaHJUWDJtOHJ4eW9aZ2pKTHpJcVNjdFdlT2h1VVMyLVZsM2ZwUDljSDBwdGs0YTE5b3BIcUZvMk9DaWlCd0FqUDFVcHN2bUc5dWZfMUUxQnd6b0pfZ0NhUm9QYmhZaXNNZE5PVkp2My0tdm9qTzlvTTNpNUEzUnlOMGJZc1c2Rk1JdnJpdmpyblhLUkhzUVpUd25KVFZBNmJacFZxZGZWMHVYWk5ha19QMnhCR3U0aXByM0p1V2RkZ2lDSzc4d0pqYnhWVENMWHlISEZicU9QNm9Mb1d4cWE4c1RicmVtd2JGWHF2SHZjZw?oc=5) · GoUpstate
- 2022-03-22 [The small business angel in the banking window - upstate business journal](https://news.google.com/rss/articles/CBMikwFBVV95cUxNTF9JY280a3FYMW9ab1VuR1Y5Und0TktfSUUzaFY0dEstdmFyUkdBeHBZUkliTmNiUndrczNxQWdmREltcHdKLTFrZjhVT3RFNm1GQklnc2Zrc2pMbkZwajQtcEZ6MVVsMVp6T3ppTmwzYW5EcDJHMzh3cHUxb3FVdFdacDRKT2VCYXFLNEgtTWlORzA?oc=5) · upstate business journal
- 2024-10-22 [Nia Smith Obituary in Spartanburg at J.W. Woodward Funeral Home - articobits.com](https://news.google.com/rss/articles/CBMie0FVX3lxTFBHS0pveU45OEk0VGMwOHlhQTRlaEVNT1lPZ1gzeDFzbEhPMWNtVEJBc05tckhfWnNPTmh0RUtBTjQ0cXJrR0lwUy0weGhPS1VDUzJsMzk5cnlvN0Q4Y2tlTzRuQ2ZjZm4xMjFYRVk0b2ZWb0E5Sm9xbS03WQ?oc=5) · articobits.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=13476 (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/36.json (key "13476", 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=13476
- 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