Dec, 31, 2023 — SPC CREDIT UNION is a federally insured state chartered credit union headquartered in HARTSVILLE, SC with 7 branch locations and about $239.43 million in total assets. Opened 75 years ago in 1949, SPC CREDIT UNION has about 24,369 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SPC CREDIT UNION |
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Address: (Main Office) | 204 N 5th St HARTSVILLE, SC 29550-4136 |
Phone: | (843) 383-0090 |
Fax: | (843) 332-0244 |
Website: | https://www.spccu.org |
Branches: | 7 branch locations |
Members: | 24,369 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60686 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $239,429,882 |
CEO/Manager: | Linda H Weatherford |
Chairperson: | Julian T Walters, Jr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 15,248,460 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 66,234,109 |
Unsecured Loans | 18,671,660 |
Other Loans | 88,861,938 |
TOTAL LOANS | 176,584,616 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,659,291 |
Land And Building | 4,864,952 |
Other Fixed Assets | 1,830,908 |
NCUSIF Deposit | 2,043,152 |
All Other Assets | 563,346 |
TOTAL ASSETS | 239,429,882 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 61,886 |
Notes & Interest Payable | 10,000,000 |
Accounts Payable & Other Liabilities | 7,452,590 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 54,335,015 |
Regular shares | 123,529,876 |
All Other Shares & Deposits | 26,244,297 |
TOTAL SHARES & DEPOSITS | 204,109,188 |
TOTAL LIABILITIES | 221,623,664 |
Regular Reserve | 0 |
Other Reserves | 6,501,817 |
Undivided Earnings | 11,304,401 |
TOTAL EQUITY | 17,806,218 |
TOTAL LIABILITIES, SHARES, & EQUITY | 239,429,882 |
INCOME & EXPENSE | |
Loan Income | 9,374,352 |
Investment Income | 646,324 |
Other Income | 3,327,034 |
Total Employee Compensation & Benefits | 4,812,493 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,185,656 |
Non-operating Income & (Expense) | -9,272 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,254,385 |
Cost of Funds | 915,621 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,563,867 |
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