Dec, 31, 2023 — SANTEE COOPER CREDIT UNION is a federally insured state chartered credit union headquartered in MONCKS CORNER, SC with 2 branch locations and about $80.01 million in total assets. Opened 71 years ago in 1953, SANTEE COOPER CREDIT UNION has about 6,915 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SANTEE COOPER CREDIT UNION |
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Address: (Main Office) | 612 Rembert C Dennis Blvd MONCKS CORNER, SC 29461 |
Phone: | (843) 761-4001 |
Fax: | (843) 761-7011 |
Website: | https://www.santeecoopercreditunion.com/ |
Branches: | 2 branch locations |
Members: | 6,915 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60745 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $80,012,284 |
CEO/Manager: | Michelle Jones |
Chairperson: | William Finn |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,707,611 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,277,272 |
Unsecured Loans | 3,498,681 |
Other Loans | 44,630,807 |
TOTAL LOANS | 51,406,760 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -570,399 |
Land And Building | 635,676 |
Other Fixed Assets | 27,102 |
NCUSIF Deposit | 652,076 |
All Other Assets | 8,829 |
TOTAL ASSETS | 80,012,284 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 793,062 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,701,705 |
Regular shares | 38,407,072 |
All Other Shares & Deposits | 20,488,375 |
TOTAL SHARES & DEPOSITS | 68,597,152 |
TOTAL LIABILITIES | 69,390,214 |
Regular Reserve | 0 |
Other Reserves | 3,133,528 |
Undivided Earnings | 7,488,542 |
TOTAL EQUITY | 10,622,070 |
TOTAL LIABILITIES, SHARES, & EQUITY | 80,012,284 |
INCOME & EXPENSE | |
Loan Income | 2,530,693 |
Investment Income | 674,731 |
Other Income | 605,374 |
Total Employee Compensation & Benefits | 1,475,154 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,097,720 |
Non-operating Income & (Expense) | 321 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 121,900 |
Cost of Funds | 319,469 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,483,259 |
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