Carolina Trust Federal Credit Union Receives Carolinas Credit Union Foundation Awards
Carolina Trust Federal Credit Union recently received three awards through the Carolinas Credit Union Foundation for their HubSpot Campaigns and Living Local Carolina Financial Friday® Segments.
The credit union was awarded first place for the Louise Herring Philosophy in Action Member Service Award for their HubSpot Campaigns with Brand Ambassador Blogs. The Louise Herring Philosophy in Action Award is given to a credit union for practical application of the credit union philosophy “People Helping People.”
The credit union was also awarded first place for the Desjardins Adult Financial Education Award for their Living Local Carolina Financial Friday® segments. The Desjardins Adult Financial Education Award is given to a credit union who exemplifies leadership within the credit union movement on behalf of financial literacy for all ages.
Finally, the credit union received an honorable mention award for the Dora Maxwell Social Responsibility Community Service Award for their Living Local Carolina Financial Friday® social responsibility segments. The Dora Maxwell Social Responsibility Community Service Award is given to a credit union for its social responsibility projects within the community.
“On behalf of our entire team, we are very honored to win three Carolinas Credit Union Foundation awards this year and be recognized for our efforts to enhance the credit union movement. The Carolinas Credit Union Foundation awards are truly special to us, and we extend our congratulations to all the winners.” Tim Carlisle, President/CEO.
Save the Date
The 2023 Annual Meeting for Carolina Trust will be held on Thursday, March 30th at Horry Georgetown Technical College Burroughs and Chapin Auditorium. Due to limited seating, we request that you RSVP using the link below. We hope you'll join us to learn more about the state of your Credit Union.
*NO PURCHASE IS NECESSARY. Parents/guardians age 18 or older as of Wednesday, February 1, 2023, and their child(ren) ages 5 – 13 who wish to qualify for this contest may submit a 3" x 5" piece of paper to the Credit Union with the following information: name and age of parent/guardian, name and current age of child, date, daytime contact number, mailing address, email address (if applicable), and the words “CCU Play Ball Kid .” In order to be eligible for the drawing(s), a postcard entry must be received by 5:00 pm EST on Wed. February 15th; Wed. February 22nd; Wed. March 1st; Wed. March 15th; Wed. March 29th; Wed. April 12th; Wed. April 26th; Wed. May 3rd; Wed. May 10th; Sun. May 14th. Entries will become the property of CTFCU and will not be returned. Limit one (1) entry on behalf of each child during the sweepstakes period.
Governmental Affairs Conference (The GAC)
Pictured L to R: Alan Rosensteel, Board Member; Christina Naylor, Chief Operations Officer; Jessica Wilson, Chief Development Officer; and Tim Carlisle, President/CEO
Members of the Carolina Trust Executive team recently attended the CUNA’s Governmental Affairs Conference in Washington, D.C.
CUNA'S Governmental Affairs Conference (The GAC) is the most significant annual event for credit unions. Thousands of industry leaders visit Capitol Hill to meet with our legislators and regulators and lobby for the continued well being of credit unions & our members & make it known we are Americans' best financial partners. At this event, members of our executive team also learned about new & exciting technology trends to incorporate into our day to day operations to better serve our members & heard from influential speakers in our industry and government.
Our Executive team also visited Capitol Hill & met with United States Representative Rep. Ralph Norman, United States Representative Jeff Duncan, Senator Tim Scott, United States Representative Russell Fry, United States Representative William Timmons, United States Representative Nancy Mace & United States Representative Joe Wilson & thanked them for their support of our credit unions.
WBTW Living Local Carolina
In honor of America Saves Week (February 27th-March 3rd) Brand Ambassador, August was joined by special guest Christina Naylor, Carolina Trust Chief Operations Officer, for a special Financial Friday segment where they discussed ways to save.
In honor of Random Acts of Kindness Day (February 17th), Brand Ambassador August delivered flowers to the residents at Autumn Care of Shallotte in Shallotte, NC and Anderson Oaks Assisted Living in Conway, SC. The flowers were generously donated to us by Daisy Fair Flowers, who, as a member of the credit union, felt led to assist in our efforts to give back, a perfect example of the credit union’s motto, “putting people ahead of profits.”
Employee Appreciation Day
To show our gratitude on Employee Appreciation Day, each employee received a Carolina Trust fleece blanket. We are so blessed to have such amazing employees at Carolina Trust. We truly would not be the award winning credit union that we are today without such loyal and hard working employees.
IRA Contributions and Considerations
Can I still make a 2022 IRA contribution?
Yes. IRA owners have until their tax-filing deadline, April 18, 2023, to make a 2022 IRA contribution. The IRS requires that IRA owners make an irrevocable written election when they make these prior-year contributions. A prior-year contribution is any contribution made between January 1 and April 18 for the preceding year.
Can my spouse make an IRA contribution if they aren’t working right now?
Yes. If a working spouse receives enough eligible compensation to cover the IRA contribution for a nonworking spouse, the nonworking spouse can make a contribution to their IRA, provided they file a joint federal tax return. For example in 2023, a nonworking spouse whose marital partner earns $6,500 in annual eligible compensation can make a contribution of up to $6,500 (current annual limit) to their own IRA, assuming they file jointly. Or the $6,500 contribution can be split between the working and nonworking spouses’ IRAs as they choose (e.g., $3,225 to each). If the working spouse has at least $13,000 in annual eligible compensation and owns an IRA, then each spouse can make the maximum annual contribution to each of their IRAs (i.e., $6,500 to each). If one or both individuals is age 50 or older, their contribution limit is $7,500.
Home Improvements
Now’s the time to get your house in tip-top shape so you can relax and enjoy it all summer long! We have the financing you need to make those spring home improvements!
You’ve worked hard for the equity. Now, let your equity work hard for you. A Home Equity Line of Credit, or HELOC, is a convenient way to pay for expensive home repairs or improvements. Once you get approved for your line of credit, you simply borrow what you need, when you need it.
Replacing old HVAC units with a newer system, encapsulating a crawl space, or repairing your roof or windows can get pricey. A Home Smart Loan from Carolina Trust makes paying for any residential energy efficient investment more affordable! With low rates and flexible terms, you’ll help make your home’s energy bill and carbon footprint smaller.
Hurricane Preparedness
Hurricane Season will be here before you know it, and we want to make sure that you’re prepared. Now is the time to ensure that you have everything that you will need in the event of an emergency. Don’t wait until it's too late.
Credit Union Youth Month is Coming Soon! Stop By Any Carolina Trust Branch During the Month of April to Participate.
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government National Credit Union Administration, a U.S. Government Agency
Carolina Trust Federal Credit Union, PO Box 780004, Myrtle Beach, South Carolina 29578, USA, 8434482133
