Charter 24404 · Columbia, SC
Caro Federal Credit Union
Caro Federal Credit Union is a federally chartered credit union in Columbia, South Carolina, with $175 million in assets and 10,586 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 15.41%, well above the 7% that NCUA's rules treat as well capitalized.
Also does business as Caro Smart Financial Solutions.
- Total assets
- $175 million
- +38.8% in a year
- Members
- 10,586
- +45.5% in a year
- Net worth ratio
- 15.41%
- Peer median 11.65%
- Loans 60+ days late
- 0.88%
- Peer median 0.70%
- Loans outstanding
- $110 million
- +25.1% in a year
- Shares and deposits
- $150 million
- +47.0% in a year
- Branches
- 5
- 38 employees
- Opened
- 1967
- Federal charter
How Caro Federal Credit Union compares
NCUA groups credit unions by size; Caro Federal Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 15.41% is higher than that group's median of 11.65%, and its share of loans 60 or more days past due, 0.88%, is higher than the group median of 0.70%. Loans grew 25.1% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 21 of 45 credit unions headquartered in South Carolina. See all South Carolina credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $175 million | 10,586 | $110 million | 15.41% | 0.88% |
| Q1 2026 | $156 million | 10,650 | $90.4 million | 15.39% | 0.79% |
| Q4 2025 | $126 million | 7,067 | $83.6 million | 15.79% | 0.97% |
| Q3 2025 | $125 million | 7,137 | $86.3 million | 16.05% | 0.77% |
| Q2 2025 | $126 million | 7,276 | $87.8 million | 15.87% | 0.81% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 111,685 potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 6 sites for Caro Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Branch-10 (main office)
4480 Rosewood Dr, Columbia, SC 29209 - Branch-00
710 Pulaski St, Columbia, SC 29201 - Branch 03
4480 Rosewood Dr, Columbia, SC 29209 - St. Francis Branch
121 Sumner St, Greenville, SC 29601 - Louisville
1630 Lyndon Farm Ct Ste 201, Louisville, KY 40223 - Paradise
13246 State Route 176, Drakesboro, KY 42337
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology