Dec, 31, 2023 — SOUTH CAROLINA METHODIST CONF CREDIT UNION is a federally insured state chartered credit union headquartered in COLUMBIA, SC with 0 branch location and about $5.60 million in total assets. Opened 69 years ago in 1955, SOUTH CAROLINA METHODIST CONF CREDIT UNION has about 1,089 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTH CAROLINA METHODIST CONF CREDIT UNION |
|---|---|
| Address: (Main Office) | 4901 Colonial Dr COLUMBIA, SC 29203 |
| Phone: | (803) 691-0037 |
| Fax: | (803) 691-0201 |
| Website: | https://scmccu.org |
| Branches: | 0 branch locations |
| Members: | 1,089 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60715 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,601,082 |
| CEO/Manager: | Talmadge A Cox |
| Chairperson: | Roger M Gramling |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 390,116 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 220,292 |
| Unsecured Loans | 245,866 |
| Other Loans | 3,305,731 |
| TOTAL LOANS | 3,771,889 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,690 |
| Land And Building | 60,380 |
| Other Fixed Assets | 5,218 |
| NCUSIF Deposit | 51,554 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,601,082 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 30,602 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,561,793 |
| All Other Shares & Deposits | 1,572,953 |
| TOTAL SHARES & DEPOSITS | 5,134,747 |
| TOTAL LIABILITIES | 5,165,349 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 435,733 |
| TOTAL EQUITY | 435,733 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,601,082 |
| INCOME & EXPENSE | |
| Loan Income | 255,362 |
| Investment Income | 70,593 |
| Other Income | 18,285 |
| Total Employee Compensation & Benefits | 169,140 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 132,160 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,629 |
| Cost of Funds | 19,081 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,371 |
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