Carolina Trust Federal Credit Union Named American Banker Best Credit Union to Work For and SC Biz News Best Places to Work
For the fifth year in a row, Carolina Trust was named one of American Banker’s Best Credit Unions to Work For. American Banker has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees.
This survey and awards program was created to identify, recognize, and honor the best credit unions. The 2023 list is compiled of 70 credit unions, with Carolina Trust ranked as 13th. The entire ‘Best Credit Unions to Work For’ list can be read online at AmericanBanker.com
Additionally, for the 6th year in a row, Carolina Trust was named one of the ‘Best Places to Work in South Carolina’ by SC Biz News in partnership with the Best Companies Group.
“We are honored to be on these lists again. Our employees’ votes and feedback earn us the position on these esteemed lists, which is why it is so meaningful to us as a credit union. Being a ‘Best Places to Work’ and a ‘Best Credit Union to Work For’ gives us something to be excited about as a company, and we continue to strive and grow together.” – Tim Carlisle, President/CEO.
Pictured: Employees in attendance at the Best Places to Work in South Carolina awards ceremony.
CCU Coin-Toss Kid
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 six 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 21, 2023 through November 8, 2023. An authorized adult or guardian must accompany each winner to the game. Winners must have verifiable parental or guardian permission to enter. Entry in this promotion or acceptance of any prize constitutes acceptance of the Official Contest Rules. Click herefor complete details and Official Contest Rules. Entry in this promotion or acceptance of any prize constitutes acceptance of the Official Contest Rules.
Scholarships
Carolina Trust actively demonstrates the credit union philosophy People Helping People in the communities we serve. We are honored to partner with several organizations to provide deserving students with financial assistance to achieve their higher education goals.
We're proud to announce that for the second year, Carolina Trust will partner with the Carolinas Credit Union Foundation for the Carolina Trust Federal Credit Union Community Service Scholarship ($5,000.00) and the Carolina Trust Federal Credit Union Legacy Scholarship ($5,000.00).
In addition, Carolina Trust Federal Credit Union and Horry Telephone Cooperative, Inc. (HTC) have partnered to offer two scholarship awards to local graduating high school seniors who wish to continue their education at either Coastal Carolina University (CCU) or Francis Marion University (FMU). Two $5,000 scholarships will be awarded to rising college freshmen seeking a four-year degree from CCU or FMU.
Scammers are always looking for an easy way to trick you out of your personal and financial information. One of the easiest ways for scammers to get your information is through fake websites. These sites will have a similar URL or look almost identical to the real site you’re looking for which is part of the reason it is so hard to identify. Be sure you’re looking closely to the domain name, careful with emails containing links, checking the design quality, and paying attention to contact information and policies.
Carolina Trust representatives will not request your account information through text or over the phone. Click here for more fraud prevention tips and resources.
WBTW Living Local Carolina
On the September Financial Friday Community Panel, Brand Ambassador, Always August was joined by two esteemed attorneys, Doug Lineberry and James K. Gilliam, Equity Partners Burr Forman LLP for Part Two of the “We ❤️ Our Lawyers” segment.
Some of our employees enjoyed attending the CU’s Together Conference in Myrtle Beach. We love to spend time with others in the credit union industry as we exchange new ideas and network.
Pictured L to R: Brian Griffith, AVP IT; Greg Suggs, Mortgage Loan Officer; Bobby Doty, AVP Lending; and Alan Rosensteel, Board Member
ESPN Events Golf Tournament
Board Member, Alan Rosensteel and credit union employees had a fantastic time at the 2023 ESPN Events Golf Tournament. The tournament welcomed golfers, including many local partners, representatives from ESPN Events, the Myrtle Beach Invitational, the Myrtle Beach Bowl, Conference-USA and the Mid American Conference.
Grand Strand Humane Society Raise the Ruff
Carolina Trust was a proud sponsor of the Grand Strand Humane Society's Raise the Ruff event, where proceeds go towards their Capital Campaign for their new facility.
International Credit Union (ICU) Day
International Credit Union (ICU) Day, October 19, is a day to celebrate credit unions' financial service partnership in communities around the country.
Since its inception in 1948, International Credit Union Day has been celebrated through outreach, volunteering, fundraising and other activities. In 2023, we mark this celebration’s historic 75th anniversary. This milestone offers us the unique opportunity to acknowledge the tireless effort of credit union employees while celebrating members the world over.
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.
Current Promotions
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 Monday, October 9th in observance of Columbus 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
