Sep, 30, 2025 — S C I FEDERAL CREDIT UNION is a federal credit union headquartered in FLORENCE, SC with 1 branch location and about $22.31 million in total assets. Opened 61 years ago in 1965, S C I FEDERAL CREDIT UNION has about 1,667 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 |
|---|---|
| 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: | 1,667 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16655 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,305,594 |
| CEO/Manager: | Robert E Seastrunk |
| Chairperson: | DANIEL L BROACH |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,314,713 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 88,899 |
| Unsecured Loans | 1,713,295 |
| Other Loans | 7,625,459 |
| TOTAL LOANS | 9,427,653 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -92,008 |
| Land And Building | 0 |
| Other Fixed Assets | 11,270 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 191,717 |
| All Other Assets | 9,174 |
| TOTAL ASSETS | 22,305,594 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,173 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 35,669 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,026,146 |
| Regular shares | 12,687,078 |
| All Other Shares & Deposits | 3,191,016 |
| TOTAL SHARES & DEPOSITS | 18,904,240 |
| TOTAL LIABILITIES | 18,944,073 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,361,521 |
| TOTAL EQUITY | 3,361,521 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,305,594 |
| INCOME & EXPENSE | |
| Loan Income | 456,528 |
| Investment Income | 408,931 |
| Other Income | 61,368 |
| Total Employee Compensation & Benefits | 288,743 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 369,633 |
| Non-operating Income & (Expense) | -3,850 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,573 |
| Cost of Funds | 186,714 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 51,670 |
| ↑ Back to Top | |