International Credit Union (ICU) Day, October 20, is a day to celebrate credit unions' financial service partnership in communities around the country. This year's theme, "Empower Your Financial Future with a Credit Union™," helps show the benefits credit unions provide and amplifies the "Financial Well-being For All" initiative.
In honor of International Credit Union Day we are running a contest for you to enter to win a $500 CASH PRIZE!* All you have to do is share how Carolina Trust has helped you or can help you empower your financial future from October 1 - October 19th 2022.
The winner will be selected and announced on International Credit Union Day October 20th, 2022!
Please remember we will NEVER ask for any details for your account or personal information to disburse the prize.
*No purchase necessary to enter or win. Must be age 18 or older to participate. All eligible entries, as provided in the Official Contest Rules, must be received by 12:01 a.m. EST on October 3, 2022 and ends at 11:59 p.m. EST on October 19, 2022. Click herefor complete details and Official Contest Rules. Entry in this promotion or acceptance of any prize constitutes acceptance of the Official Contest Rules. Certain restrictions apply. Federally insured by NCUA.
Carolina Trust is pleased to welcome Casey Diefenderfer to the position of Compliance Specialist.
Diefenderfer comes to Carolina Trust from Truist Financial, where she held the position of AVP, Branch Leader II. Her passion for providing safe banking practices and education to clients and teammates has allowed her to excel in her career in the financial industry. She is looking forward to bringing her current knowledge and experience to this new position at the credit union.
Parents of Chanticleer fans ages 5-13 can now register their child for a chance to be the next CCU Coin-Toss Kid! One lucky participant will be randomly selected before each of the seven home games*.
Winners will receive four tickets to a CCU home football game, one parking pass, a CCU Prize Pack, and the opportunity to accompany the team captains and referees for the official pre-game coin toss.
*No purchase necessary to enter or win. Must be age 5-13 to participate. All eligible entries, as provided in the Official Contest Rules, must be received August 15, 2022 through October 26, 2022. An authorized adult or guardian must accompany each winner to the game. Winners must have verifiable parental or guardian permission to enter.Click herefor complete details and Official Contest Rules. Entry in this promotion or acceptance of any prize constitutes acceptance of the Official Contest Rules.
Pictured Above: Always, August ® Brand Ambassador; Abbey Soucy, Walk Chair for the Myrtle Beach Out of the Darkness Walk; Danielle Lewis, Founder of R.E.A.C.H. Empowerment
On the September Financial Friday Community Panel, Brand Ambassador, August was joined by special guests Abbey Soucy, Walk Chair for the Myrtle Beach Out of the Darkness Walk and Danielle Lewis, Founder of R.E.A.C.H. Empowerment to talk about Mental Health Awareness.
Earlier this month, our Management Team held its annual leadership conference to discuss better ways to lead our employees and serve our members in the upcoming year.
Pictured Above: Carolina Trust employees in their pink attire
Think Pink
Carolina Trust raised awareness for breast cancer by wearing pink! Employees wore pink ribbons during the first week of the month and finished off the week by wearing pink apparel. Wearing pink is a simple way to show all women and men who have dealt with breast cancer that they’re not alone.
Pictured Above: J. Dalvin Avant, Jr. and Alan Rosensteel, Members of the Carolina Trust Board of Directors
ESPN Events Golf Tournament
Members of the Carolina Trust Board and Supervisory Committee had a fantastic time at the 2022 ESPN Events Golf Tournament. The tournament welcomed 64 golfers, including many local partners, representatives from ESPN Events, the Myrtle Beach Invitational, the Myrtle Beach Bowl, Conference-USA and the Mid American Conference.
Prizes were given to winning teams and all participating individuals had a chance at a number of other prizes, including tickets to the Carolina Trust Club at the West Zone for the 2022 Myrtle Beach Bowl.
Get Your Free Annual Credit Report
It's a good practice to check your credit report for fraudulent activity annually. The three major credit bureaus, Equifax, Experian and TransUnion, will provide you with a free copy of your credit report upon your request once every 12 months. These three national credit reporting agencies have established one central website, phone number, and mailing address to use for ordering your report. The credit bureaus will provide the free annual reports only through this central location and not through their individual websites, telephone numbers, or web addresses. Be cautious of websites offering "free" credit reports since you do not need to go through third party providers.
For your free credit report, contact the Annual Credit Report Request Service by Web: www.annualcreditreport.com, Toll-Free Telephone: 877.322.8228, or Mail: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. Since you are entitled to one free annual report from each of the three bureaus, you can get them all at one time or stagger the requests throughout the year. If you request the report online, you should be able to view it immediately. Requests made by phone or mail will take approximately 15 days to process
Inactive Account Reminder
If you make routine deposits to your savings, pay down a loan, or use your checking account or VISA® credit card, then your account is considered active. However, if you have a Carolina Trust savings, checking or loan account that has not received a transfer, withdrawal or transaction within the past 12 months then that account is considered inactive. A $5 inactivity fee will be charged each month the account remains inactive. This fee will continue to be charged until you make a minimum $1 transaction to your account, until your balance is $0 or for five years, whichever comes first. After five years of inactivity, the account is considered dormant and abandoned property by the state of South Carolina. Carolina Trust is required to turn any abandoned account over to the State. Carolina Trust's Inactivity Account Policy applies to all youth and adult accounts, excluding IRAs. You can prevent an inactive status by making at least one deposit, withdrawal or transfer to your account(s) within a 12-month period.
Federal Regulation D
The US Government requires all financial institutions to enforce Federal Regulation D, which limits the number of transactions that can be made from a depository account during a calendar month. A depository account is defined as a savings-only or money market* account. Members may not make more than six (6) transfers or withdrawals from a depository account during a month by the following means:
• Online banking
• ACH
• ATM transaction at merchant
• Telephone transfer (either by E-Z Teller Audio Response or through a Member Service Representative)
• Automatic overdraft protection transfer from your savings or a joint account
Carolina Trust is federally required to refuse any transfer or withdrawal from a depository account that exceeds the Fed Reg D limitations. If you should exceed the monthly limitations on your savings or money market account, any transfer or withdrawal attempted from your depository account will be refused, the transaction will be returned for Non Sufficient Funds (NSF), and an NSF fee will be charged to your account. There is no limit to the number of withdrawals you may make from a depository account at a Carolina Trust branch or ATM location**. To avoid exceeding the "Reg D" limitations, monitor your account with the Regulation D Transaction eAlert, or utilize automatic draft (ACH) to have payments deducted from your checking account instead of your savings account. Also, consider setting up direct deposits to your checking as opposed to savings. Then you can transfer money from your checking to your savings without counting against your Reg D transactions.
*Money market accounts are assessed a fee for each withdrawal over 3 per month. **Savings accounts are assessed a fee for each withdrawal over 4 per month.
Reminders
All branches will be closed on Friday, November 11th in observance of Veterans Day and Thursday, November 24th in observance of Thanksgiving Day.
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