Sep, 30, 2025 — SECURED ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in SIMPSONVILLE, SC with 2 branch locations and about $58.12 million in total assets. Opened 67 years ago in 1959, SECURED ADVANTAGE FEDERAL CREDIT UNION has about 6,413 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SECURED ADVANTAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 116 NE Main St SIMPSONVILLE, SC 29681-2656 |
| Phone: | (800) 468-5153 |
| Fax: | (864) 967-1495 |
| Website: | https://www.securedadvantagefcu.com |
| Branches: | 2 branch locations |
| Members: | 6,413 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12877 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,123,277 |
| CEO/Manager: | Lisa Hay |
| Chairperson: | Ray Hathaway |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,976,289 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,409,784 |
| Unsecured Loans | 6,138,779 |
| Other Loans | 15,001,029 |
| TOTAL LOANS | 27,549,592 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -372,723 |
| Land And Building | 1,561,030 |
| Other Fixed Assets | 34,951 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 488,626 |
| All Other Assets | 25,692 |
| TOTAL ASSETS | 58,123,277 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 84,343 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 144,721 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,557,329 |
| Regular shares | 19,618,460 |
| All Other Shares & Deposits | 23,244,648 |
| TOTAL SHARES & DEPOSITS | 50,420,437 |
| TOTAL LIABILITIES | 50,649,501 |
| Regular Reserve | 0 |
| Other Reserves | 2,051,844 |
| Undivided Earnings | 5,421,932 |
| TOTAL EQUITY | 7,473,776 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,123,277 |
| INCOME & EXPENSE | |
| Loan Income | 1,662,487 |
| Investment Income | 605,522 |
| Other Income | 275,096 |
| Total Employee Compensation & Benefits | 666,702 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,462,594 |
| Non-operating Income & (Expense) | 147,163 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 396,331 |
| Cost of Funds | 395,248 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -17,749 |
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