Carolina Trust
Carolina Trust is a credit union based in Myrtle Beach, South Carolina, established in 1958, with $420 million in total assets serving 40,399 members. By Trust Grade it ranks 34th of 46 credit unions we track in South Carolina. Its net worth ratio of 9.9% trails most similarly sized credit unions (29th percentile), versus a South Carolina median of 13.2%. It was profitable over the most recent period, with a 0.93% return on assets. No consumer complaints against Carolina Trust appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Carolina Trust compares to South Carolina peers
How we graded Carolina Trust
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (9.9% capital ratio)
- Profitable (ROA 0.93%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Carolina Trust over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Carolina Trust insured?
Yes. Carolina Trust is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Carolina Trust: frequently asked questions
Is Carolina Trust a good credit union?
Carolina Trust earns a Bankzia Trust Grade of A (90/100, "Excellent"), based on a financial-strength score of 90/100 (it has no CFPB complaints on record). Well-capitalized (9.9% capital ratio); Profitable (ROA 0.93%).
Is Carolina Trust NCUA-insured?
Yes. Carolina Trust is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Carolina Trust?
Carolina Trust holds $420 million in total assets, ranking 34th of 46 credit unions we track in South Carolina. It serves 40,399 members.
Does Carolina Trust have CFPB complaints?
No CFPB complaints against Carolina Trust appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
