Sep, 30, 2025 — S. C. TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in GREENVILLE, SC with 10 branch locations and about $694.08 million in total assets. Opened 91 years ago in 1935, S. C. TELCO FEDERAL CREDIT UNION has about 47,585 members and employs 169 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. TELCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 420 E Park Ave Ste 100 GREENVILLE, SC 29601-2237 |
| Phone: | (864) 232-5553 |
| Fax: | (864) 232-3072 |
| Website: | https://www.spero.financial |
| Branches: | 10 branch locations |
| Members: | 47,585 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 361 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $694,082,272 |
| CEO/Manager: | Brian McKay |
| Chairperson: | Michael Strickland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 40,154,840 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 343,753,286 |
| Unsecured Loans | 42,706,302 |
| Other Loans | 194,216,170 |
| TOTAL LOANS | 580,675,759 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,425,680 |
| Land And Building | 15,426,185 |
| Other Fixed Assets | 2,721,661 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,807,183 |
| All Other Assets | 137,107 |
| TOTAL ASSETS | 694,082,272 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 77,600 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,868,544 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 85,001,593 |
| Regular shares | 151,047,895 |
| All Other Shares & Deposits | 395,974,710 |
| TOTAL SHARES & DEPOSITS | 632,024,197 |
| TOTAL LIABILITIES | 638,990,085 |
| Regular Reserve | 0 |
| Other Reserves | 5,885,327 |
| Undivided Earnings | 49,206,860 |
| TOTAL EQUITY | 55,092,187 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 694,082,272 |
| INCOME & EXPENSE | |
| Loan Income | 30,208,161 |
| Investment Income | 2,350,453 |
| Other Income | 3,570,812 |
| Total Employee Compensation & Benefits | 12,221,403 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,521,835 |
| Non-operating Income & (Expense) | 821,149 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,242,060 |
| Cost of Funds | 12,814,774 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,106,977 |
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