Jun, 30, 2024 — S C I FEDERAL CREDIT UNION is a federal credit union headquartered in FLORENCE, SC with 1 branch location and about $23.56 million in total assets. Opened 60 years ago in 1965, S C I FEDERAL CREDIT UNION has about 1,562 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | S C I FEDERAL CREDIT UNION |
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Address: (Main Office) | 812 2nd Loop Rd FLORENCE, SC 29505-2828 |
Phone: | (843) 669-3712 |
Fax: | (843) 669-3851 |
Website: | https://www.scifcu.com |
Branches: | 1 branch locations |
Members: | 1,562 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16655 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,555,171 |
CEO/Manager: | Robert E Seastrunk |
Chairperson: | DANIEL L BROACH |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,657,291 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 133,660 |
Unsecured Loans | 1,612,375 |
Other Loans | 7,857,197 |
TOTAL LOANS | 9,603,232 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,588 |
Land And Building | 0 |
Other Fixed Assets | 13,300 |
NCUSIF Deposit | 202,537 |
All Other Assets | 0 |
TOTAL ASSETS | 23,555,171 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 16,916 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 77,110 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,117,261 |
Regular shares | 14,909,480 |
All Other Shares & Deposits | 2,290,913 |
TOTAL SHARES & DEPOSITS | 20,317,654 |
TOTAL LIABILITIES | 20,411,680 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,143,491 |
TOTAL EQUITY | 3,143,491 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,555,171 |
INCOME & EXPENSE | |
Loan Income | 383,180 |
Investment Income | 74,894 |
Other Income | 59,378 |
Total Employee Compensation & Benefits | 220,194 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 311,408 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,800 |
Cost of Funds | 25,840 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,728 |
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