Dec, 31, 2023 — SHARONVIEW FEDERAL CREDIT UNION is a federal credit union headquartered in INDIAN LAND, SC with 19 branch locations and about $1.62 billion in total assets. Opened 48 years ago in 1976, SHARONVIEW FEDERAL CREDIT UNION has about 94,270 members and employs 291 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SHARONVIEW FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1955 Sharonview Way INDIAN LAND, SC 29707 |
| Phone: | (800) 462-4421 |
| Fax: | (704) 969-6715 |
| Website: | https://www.sharonview.org |
| Branches: | 19 branch locations |
| Members: | 94,270 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22458 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,615,689,954 |
| CEO/Manager: | Herb K White |
| Chairperson: | Phillip R Ridolfi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 149,223,259 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 709,924,764 |
| Unsecured Loans | 123,537,585 |
| Other Loans | 313,319,901 |
| TOTAL LOANS | 1,146,782,250 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,524,311 |
| Land And Building | 45,490,756 |
| Other Fixed Assets | 10,328,676 |
| NCUSIF Deposit | 12,986,094 |
| All Other Assets | 51,392 |
| TOTAL ASSETS | 1,615,689,954 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 175,000,000 |
| Accounts Payable & Other Liabilities | 32,560,768 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 162,572,728 |
| Regular shares | 215,081,863 |
| All Other Shares & Deposits | 921,348,160 |
| TOTAL SHARES & DEPOSITS | 1,299,002,751 |
| TOTAL LIABILITIES | 1,506,563,519 |
| Regular Reserve | 0 |
| Other Reserves | -26,930,841 |
| Undivided Earnings | 136,057,276 |
| TOTAL EQUITY | 109,126,435 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,615,689,954 |
| INCOME & EXPENSE | |
| Loan Income | 67,012,832 |
| Investment Income | 8,006,164 |
| Other Income | 6,349,044 |
| Total Employee Compensation & Benefits | 33,464,655 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,778,519 |
| Non-operating Income & (Expense) | -338,027 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,921,741 |
| Cost of Funds | 37,959,221 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -18,727,932 |
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