The 2024 Annual Meeting for Carolina Trust will be held on Thursday, March 28th 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.
The Nominating Committee has selected individuals from the Carolina Trust membership as nominees for Board of Director vacancies based on their qualifications and willingness to serve.Click here for more information about the annual meeting, descriptions of each nominee and nomination eligibility.
Press Releases
Carolina Trust Federal Credit Union Receives Carolinas Credit Union Foundation Award
Carolina Trust Federal Credit Union recently received an award through the Carolinas Credit Union Foundation at their annual awards ceremony for their Myrtle Beach Bowl Game sponsorship.
The credit union received an honorable mention award for the Dora Maxwell Social Responsibility Community Service Award. 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 a Carolinas Credit Union Foundation award 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.
Pictured L to R: Tim Vogel, CFO; Always August, Brand Ambassador; Christina Naylor, COO; Tim Carlisle, President/CEO; Melinda Drake-Pearce, SVP Risk Management; Amanda Marker, VP Marketing; Jessica Wilson, CDO; Bobby Doty, SVP Lending
Carolina Trust Federal Credit Union Announces Employee Promotion
Kathy Cook has recently been promoted to the position of SVP Strategic Initiatives.
Kathy returned to Carolina Trust in 2023 as VP Strategic Initiatives, after working as Operations Officer for the credit union from 1999-2012. She has over 25 years of credit union experience and has held several roles, most recently as Director of Digital Experience.
NO PURCHASE IS NECESSARY. Parents/guardians age 18 or older as of February 5, 2024 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 7th, Wed. February 14th, Wed. February 21st, Wed. February 28th, Wed. March 6th, Wed. March 27th, Wed. April 10th, Wed. April 17th, Wed. May 1st, Sun. May 5th.. 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.
Fraud Prevention Tips
Scams are everywhere as criminals try to cash in by stealing money or valuable personal information from victims. And given our modern reliance on technologies like smartphones and the internet, if you haven’t been a victim of a scam, you’ve likely been targeted by one. Click herefor more details as well as additional fraud prevention tips and resources.
Just a friendly reminder, Carolina Trust representatives will not request your account information through text or over the phone.
CTFCU Is Here For You
Random Acts of Kindness Day
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.”
Little River Chamber Chairman's Gala
Our employees had a great night out at the Little River Chamber Chairman's Gala, where they celebrated the successes of the chamber this past year and heard about their future plans for 2024.
IRA Contributions and Considerations
Can I still make a 2023 IRA contribution?
Yes. IRA owners have until their tax-filing deadline, April 15, 2024, to make a 2023 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 15 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 $7,000 (current annual limit) to their own IRA, assuming they file jointly. Or the $7,000 contribution can be split between the working and nonworking spouses’ IRAs as they choose (e.g., $3,500 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., $7,000 to each). If one or both individuals is age 50 or older, their contribution limit is $8,000.
Can I contribute my full contribution limit to an IRA if I have 401k?
Yes, you can contribute to both a 401(k) and an IRA but you must stay within both accounts' contribution limits.
Do I have to report IRA contributions on my tax return?
Form 5498 reports IRA contributions, rollovers, Roth IRA conversions, and required minimum distributions to the IRS. Carolina Trust FCU as your IRA trustee or custodian is the one responsible for mailing Form 5498 to the IRS, along with a copy to you. If you didn't make any contributions, you won't receive a form. The form is required to be filed by May 31st the year following to which the contributions were made. Always keep a copy of Form 5498 with your tax records.
Current Promotions
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.
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