Sep, 30, 2025 — SOUTH CAROLINA FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH CHARLESTON, SC with 34 branch locations and about $2.53 billion in total assets. Opened 90 years ago in 1936, SOUTH CAROLINA FEDERAL CREDIT UNION has about 157,164 members and employs 566 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2175 Credit Union Ln NORTH CHARLESTON, SC 29406-4915 |
| Phone: | (843) 797-8300 |
| Fax: | (843) 569-6389 |
| Website: | https://www.scfederal.org |
| Branches: | 34 branch locations |
| Members: | 157,164 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1022 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,525,304,563 |
| CEO/Manager: | Scott Woods |
| Chairperson: | Kelvin L Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 252,269,553 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,940,015 |
| Real Estate Loans | 1,255,952,851 |
| Unsecured Loans | 70,301,689 |
| Other Loans | 604,073,955 |
| TOTAL LOANS | 1,930,328,495 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,585,805 |
| Land And Building | 114,551,027 |
| Other Fixed Assets | 21,220,342 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 18,322,251 |
| All Other Assets | 227,214 |
| TOTAL ASSETS | 2,525,304,563 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 134,650 |
| Notes & Interest Payable | 140,375,000 |
| Accounts Payable & Other Liabilities | 38,919,313 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 659,144,370 |
| Regular shares | 812,878,321 |
| All Other Shares & Deposits | 545,432,070 |
| TOTAL SHARES & DEPOSITS | 2,017,454,761 |
| TOTAL LIABILITIES | 2,196,883,724 |
| Regular Reserve | 0 |
| Other Reserves | 14,430,688 |
| Undivided Earnings | 313,990,151 |
| TOTAL EQUITY | 328,420,839 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,525,304,563 |
| INCOME & EXPENSE | |
| Loan Income | 84,368,199 |
| Investment Income | 6,712,878 |
| Other Income | 17,018,365 |
| Total Employee Compensation & Benefits | 51,619,810 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 45,736,413 |
| Non-operating Income & (Expense) | 224,708 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,500,000 |
| Cost of Funds | 10,867,742 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,976,390 |
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