Board of Directors

Carolina Trust Leadership

The Carolina Trust Board of Directors and Supervisory Committee members volunteer their time and expertise to serve in unpaid positions.  The Board of Directors is composed of seven individuals elected by the membership and confirmed at the Credit Union’s spring Annual Membership Meeting.  The Directors agree to serve two-year terms.  During their terms of service, these volunteers oversee how the Credit Union is run.  The Credit Union’s Senior Management team is responsible for the overall direction, operations, and performance of Carolina Trust.

The Board of Directors also appoints a volunteer Supervisory Committee.  This committee conducts routine audits of Credit Union operations and any existing member account-related concerns.  The Supervisory Committee ensures Credit Union employees follow policies and procedures properly, members receive quality service, and problem resolution occurs in a timely manner.

If you have an account-related problem that has not been resolved through normal member service and management channels, please address the concern to Carolina Trust Senior Management at PO Box 780004, Myrtle Beach, SC  29578-7804.  If the problem is not resolved to your satisfaction at the Senior Management level, you may request the Supervisory Committee review the matter by writing to the Carolina Trust Supervisory Committee at PO Box 8941, Myrtle Beach, SC  29578.  Please include your name, address, account number, nature of the issue, and with whom you’ve been speaking to try and resolve the matter.  Your request will be researched and responded to in a timely manner.



Charles M. Thrash, Board Chairman holds a Master’s Degree in Business from Texas Tech University. He received a commission in the United States Air Force through Officer Training School and completed pilot training in May 1969. During his 26 years in the Air Force, he served in a variety of assignments both in the United States and overseas. Following graduation from the National War College in 1991, he was assigned to Myrtle Beach AFB as the Vice Commander. Shortly before deactivation of the 354th Tactical Fighter Wing, he was transferred to Pope Air Force Base as Commander of the 23rd Operations Group. He retired from the Air Force on July 1, 1995 and returned to the Myrtle Beach area to live. He was the General Manager of Bay Tree Golf Plantation for five years and was employed as Director of the Professional Golf Management Department at Coastal Carolina University for over 10 years before retiring on June 30, 2013. Charlie Thrash has served as a member of the Carolina Trust Board of Directors since September 1995. During this time, he held the position of Secretary from March 1996 to May 2001 before being elected Board Chairman.


B. Michael Marlowe, Vice Chairman is a native of Horry County and a graduate of the University of South Carolina. L/Col. Marlowe is a retired Air Force combat pilot, airport manager, and former owner and operator of Marlowe Art Glass Co. He has twenty years’ experience in wholesale and retail sales, marketing, and production. He has served as a board member and President of the Broadway Business Association, board member of the Surfside Area Rotary Club, and former State Commissioner and Secretary for the South Carolina Aeronautics Commission. Mr. Marlowe currently services as Vice Chairman of the Carolina Trust Board of Directors.


Dr. Robert B. Burney, Ph.D., Secretary/Treasurer holds an undergraduate degree in economics and a graduate degree in agricultural economics from the University of Georgia. He earned his Ph.D. in finance at the College of Business Administration at the University of South Carolina. Dr. Burney is a professor of finance at Coastal Carolina University where he has been a faculty member since 1991. He holds both the Certified Management Accountant and the Certified Financial Manager certifications from the Institute of Management Accountants. Dr. Burney has written numerous papers and articles concerning various aspects of corporate financial management. He also served as a lecturer in the continuing education programs of various professional associations in the financial field. Dr. Burney has remained active in the community since moving to Horry County. He previously served in various capacities with the Clemson Extension Service Local Community Advisory Board, Winthrop/Coastal Small Business Development Center, South Carolina Nature Based Tourism Association, Children’s Museum of South Carolina, Conway Chamber of Commerce and the Myrtle Beach Chamber of Commerce. At present, Dr. Burney serves as secretary/treasurer for the Carolina Trust Board of Directors and on the Myrtle Beach Air Force Restoration Advisory Board.


Lynne B. Boykin is a 1983 graduate of the University of South Carolina with a B.A. degree in creative advertising. She joined The Brandon Agency in August 1983 where she presently holds the position of Senior Program Manager. She is past president of the Surfside Area Rotary Club, past president of the St. James High School Booster Club Board of Directors and a member of Belin Memorial United Methodist Church. She is co-founder and past president of the Carolina Coast Cotillion and is a member and past board director of the South Strand Cotillion. She presently resides in the Collins Creek community of Murrells Inlet with her husband, Dr. Davis Dwight Boykin. She has three children and two grandchildren. Lynne Boykin has served on the Carolina Trust Board of Directors since March 2005.


David F. Honeycutt holds a B.S. Degree in Business Administration/Marketing from the University of North Carolina at Chapel Hill. He served in the United States Air Force for 27 years before retiring as Colonel in 1993. Col. Honeycutt was then employed for eight years as General Manager of Myrtle Beach Golf Holiday. Colonel Honeycutt has served as President of the South Carolina Tennis Association; Chair of the State President’s Group on the Southern Tennis Association Executive Committee and as a trustee on the Board of the Southern Tennis Patron’s Foundation. He is a Past Chairman and currently serves as Secretary of the Board of Trustees of the SC Tennis Patrons Foundation, President of the Grand Strand Tennis League/Foundation, member of the Southern Tennis Association Investment Committee and Chair of the USTA South Carolina Investment Committee. Colonel Honeycutt recently completed his second two-year appointed to the US Tennis Association’s National Committee for Tennis Rules and Regulations. David Honeycutt has served on the Carolina Trust Board of Directors since June 2001.


Alan Rosensteel has been a Carolina Trust FCU Supervisory Committee Member since 1999.  Mr. Rosensteel was appointed to the Board of Directors in April 2018 to fill the unexpired term of retiring Lt.Col. James B. Kendrick.Recently retired from Golf Academy of America after 13 years as an instructor,  Mr. Rosensteel  began his career in golf as a playing professional winning the Riviera Open on the North Florida Winter Tour and qualified to compete in the 1983 United States Open Championship at Oakmont Country Club.

In 1989 his focus turned to teaching golf, acquiring credentials as an Authorized Instructor with The Golfing Machine and an Authorized Fitter with SeeMore Putters.  Recognized by Golf Magazine as a Top Ten Instructor on the Grand Strand, Mr. Rosensteel was active in golf as the Head PGA Golf Professional at Myrtlewood Golf Club and also involved in the local community as a volunteer.

A graduate of Saint Francis College in Loretto Pennsylvania in 1977 with a Bachelors Degree in Mathematics, Mr. Rosensteel continued his education holding a Master’s Degree in Business Administration at Virginia College.

Mr. Rosensteel serves as a Board Director and as a member of the Supervisory Committee.


J. Dalvin (Dal) Avant, Jr., is a graduate of the University of South Carolina with a Degree in Business Management. He is employed as Vice President of Administration for Wellman Plastics Recycling LLC in Johnsonville, SC. Mr. Avant has served as a member of the Carolina Trust Board of Directors since March 1994.


James Risser, Committee Chairman is originally from Lancaster, Pennsylvania and has recently relocated to South Carolina. After graduating high school, Risser joined the United States Marine Corps and served 16 months in Vietnam. After his military service, he attended Millersville University in Millersville, Pennsylvania. Risser has over 40 years’ sales experience in the lumber and commercial granite industries. He previously served as a Supervisory Committee volunteer at Lanco Federal Credit Union in Lancaster, Pennsylvania.


David Gilbert, Jr. is a graduate of Wofford College with a degree in Bachelor of Arts. He is employed as Director of Sales and Marketing for Servpro Fire and Water Restoration for Horry and Georgetown counties. He has served as a member of the Carolina Trust Supervisory Committee since May 2009.


Karen Minogue is the Director for Development at Waccamaw Community Foundation. Minogue has over 16 years of progressive community foundation experience which includes serving as the President and CEO of the Community Foundation of Orange and Sullivan in upstate New York for the most recent 10 years, and prior to that as Vice President of the Community Foundation of Dutchess County (now Community Foundations of the Hudson Valley) in Poughkeepsie, New York. She previously served as a Nominating Comm