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SOUTH CAROLINA FEDERAL CREDIT UNION

Mar, 31, 2021 — SOUTH CAROLINA FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH CHARLESTO, SC with 26 branch locations and about $2.31 billion in total assets. Opened 85 years ago in 1936, SOUTH CAROLINA FEDERAL CREDIT UNION has about 168,930 members and employs 503 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253278401
Name:SOUTH CAROLINA FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 190012
NORTH CHARLESTO, SC 29419-9012
Phone:(843) 797-8300
Fax:(843) 569-6389
Website:http://www.scfederal.org
Branches:26 branch locations
Members:168,930
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$2,309,984,686
CEO/Manager:Scott Woods
Chairperson:James R Cathey

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 499,359,529
TOTAL INVESTMENTS 14,632,053
Loans Held for Sale 9,214,700
 
 Real Estate Loans 859,538,878
 Unsecured Loans 86,367,849
 Other Loans 623,314,096
 TOTAL LOANS 1,569,220,823
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,868,160
 Land And Building 71,561,259
 Other Fixed Assets 16,366,758
 NCUSIF Deposit 15,367,454
 All Other Assets 120,130,270
  TOTAL ASSETS 2,309,984,686
LIABILITIES & CAPITAL:  
 Dividends Payable 251,054
 Notes & Interest Payable 150,303,571
 Accounts Payable & Other Liabilities 26,642,026
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 549,327,405
 Regular shares 710,021,141
 All Other Shares & Deposits 636,789,040
  TOTAL SHARES & DEPOSITS 1,896,137,586
  TOTAL LIABILITIES 2,073,334,237
 Regular Reserve 16,159,488
 Other Reserves 9,570,239
 Undivided Earnings 210,920,722
  TOTAL EQUITY 236,650,449
  TOTAL LIABILITIES, SHARES, & EQUITY 2,309,984,686
INCOME & EXPENSE  
 Loan Income 15,789,759
 Investment Income 141,345
 Other Income 5,190,674
 Total Employee Compensation & Benefits 12,439,178
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,812,358
 Non-operating Income & (Expense) -17,044
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,623,669
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,223,822
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