Caro Federal Credit Union (formerly known as Carolina Collegiate Federal Credit Union) has been open since 1990. It's the 23rd largest credit union in South Carolina with assets totaling $96.02 Million and providing banking services to more than 7,000 members. Membership: The credit union is a not-for-profit, member-owned financial cooperative providing financial banking services to multiple member groups, but primarily serves education employees. Membership is also open to immediate family of current members.