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There will be an Online Banking Outage from October 30th to November 3rd for both RCCU and Caro site for routine maintenance. All branches will also be closed November 2nd.

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We were founded in 1967 by a small group of University of South Carolina employees to provide faculty and staff with fair, affordable financial services built on cooperative values. We’ve grown ever since, expanding our membership and locations while combining modern banking tools with personal, connected service.

Because we’re a member owned non-profit, every decision is made with people in mind. That means competitive rates, fewer fees, thoughtful financial solutions and guidance, and building relationships that last. 

Now 60 years after opening our doors, we’re still guided by the same cooperative values that inspired our founders. Every day, we’re proud to help our members achieve their financial goals through trusted relationships, personal service, and a commitment to putting people first. 

Our field of membership has expanded from our start in Columbia, SC to now include people nationwide and internationally. We invite you to join Caro, experience the difference of banking with a credit union, and be served by real people who want to help you make the most of your finances. 

Become a Caro Member

Real Solutions for Real People

Our vision is simple. Caro is focused on changing people’s lives with creative problem-solving solutions to the financial challenges life throws at you, both simple and complex. We give you the tools you need to succeed, help you achieve your goals, and work together on a plan that’s easy to follow. Caro treats every person with equal importance. 

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At Caro, We Focus on Our Community

Investing in our communities is a core tenant of what we do at Caro Federal Credit Union. That’s why we match your donation dollar-for-dollar when you donate to one of our Community Impact Partners, up to $5,000.* Your tax-deductible donation will help some incredible organizations continue to improve lives in our community.

Donate Here

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