Sep, 30, 2025 — HOPESOUTH FEDERAL CREDIT UNION is a federal credit union headquartered in ABBEVILLE, SC with 2 branch locations and about $36.83 million in total assets. Opened 55 years ago in 1971, HOPESOUTH FEDERAL CREDIT UNION has about 3,781 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOPESOUTH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 807 W Greenwood St ABBEVILLE, SC 29620-2552 |
| Phone: | (864) 366-9602 |
| Fax: | (864) 366-8318 |
| Website: | https://www.hopesouth.org |
| Branches: | 2 branch locations |
| Members: | 3,781 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20824 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $36,831,989 |
| CEO/Manager: | Faye Crocker |
| Chairperson: | Shannon Sears |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,424,677 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,748,176 |
| Other Loans | 11,897,343 |
| TOTAL LOANS | 15,645,519 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -318,014 |
| Land And Building | 798,750 |
| Other Fixed Assets | 79,120 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 257,325 |
| All Other Assets | 13,796 |
| TOTAL ASSETS | 36,831,989 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 32,482 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 476,369 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,805,422 |
| Regular shares | 14,007,518 |
| All Other Shares & Deposits | 7,843,135 |
| TOTAL SHARES & DEPOSITS | 26,656,076 |
| TOTAL LIABILITIES | 27,164,927 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,667,062 |
| TOTAL EQUITY | 9,667,062 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 36,831,989 |
| INCOME & EXPENSE | |
| Loan Income | 1,241,630 |
| Investment Income | 603,047 |
| Other Income | 196,831 |
| Total Employee Compensation & Benefits | 643,640 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 953,308 |
| Non-operating Income & (Expense) | 71,801 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 87,249 |
| Cost of Funds | 200,594 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 536,107 |
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