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S C I FEDERAL CREDIT UNION

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.


ABA Routing Number: 253279002
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:1,562
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$23,555,171
CEO/Manager:Robert E Seastrunk
Chairperson:DANIEL L BROACH

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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