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HOPESOUTH FEDERAL CREDIT UNION

Jun, 30, 2021 — HOPESOUTH FEDERAL CREDIT UNION is a federal credit union headquartered in Abbeville, SC with 1 branch location and about $29.32 million in total assets. Opened 50 years ago in 1971, HOPESOUTH FEDERAL CREDIT UNION has about 3,513 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.


ABA Routing Number: 253278061
Name:HOPESOUTH FEDERAL CREDIT UNION
Address:
(Main Office)
807 W Greenwood St
Abbeville, SC 29620
Phone:(864) 366-9602
Fax:(864) 366-8318
Website:http://www.hopesouth.org
Branches:1 branch locations
Members:3,513
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:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$29,317,374
CEO/Manager:Faye Crocker
Chairperson:Mark Hall

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,650,960
TOTAL INVESTMENTS 3,808,676
Loans Held for Sale 0
 
 Real Estate Loans 22,246
 Unsecured Loans 3,176,590
 Other Loans 7,622,816
 TOTAL LOANS 10,821,652
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -503,279
 Land And Building 344,229
 Other Fixed Assets 15,277
 NCUSIF Deposit 206,312
 All Other Assets 1,973,547
  TOTAL ASSETS 29,317,374
LIABILITIES & CAPITAL:  
 Dividends Payable 3,557
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,914,803
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,638,885
 Regular shares 12,475,070
 All Other Shares & Deposits 5,676,428
  TOTAL SHARES & DEPOSITS 22,790,383
  TOTAL LIABILITIES 24,708,743
 Regular Reserve 335,597
 Other Reserves 0
 Undivided Earnings 4,273,034
  TOTAL EQUITY 4,608,631
  TOTAL LIABILITIES, SHARES, & EQUITY 29,317,374
INCOME & EXPENSE  
 Loan Income 536,665
 Investment Income 18,275
 Other Income 117,498
 Total Employee Compensation & Benefits 294,600
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 429,656
 Non-operating Income & (Expense) 140,346
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 141,578
 Cost of Funds 23,588
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 97,714
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