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SOUTH CAROLINA METHODIST CONF CREDIT UNION

Mar, 31, 2022 — SOUTH CAROLINA METHODIST CONF CREDIT UNION is a federally insured state chartered credit union headquartered in COLUMBIA, SC with 0 branch location and about $5.32 million in total assets. Opened 67 years ago in 1955, SOUTH CAROLINA METHODIST CONF CREDIT UNION has about 1,170 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SOUTH CAROLINA METHODIST CONF CREDIT UNION
Address:
(Main Office)
4901 Colonial Dr
COLUMBIA, SC 29203
Phone:(803) 691-0037
Fax:(803) 691-0201
Website:http://scmccu.org
Branches:0 branch locations
Members:1,170
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60715
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1955
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$5,321,672
CEO/Manager:Talmadge A Cox
Chairperson:Roger M Gramling

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 696,438
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 343,566
 Unsecured Loans 298,819
 Other Loans 2,948,286
 TOTAL LOANS 3,590,671
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -31,504
 Land And Building 64,011
 Other Fixed Assets 10,577
 NCUSIF Deposit 50,372
 All Other Assets 0
  TOTAL ASSETS 5,321,672
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -1,844
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,778,378
 All Other Shares & Deposits 1,078,443
  TOTAL SHARES & DEPOSITS 4,856,821
  TOTAL LIABILITIES 4,854,977
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 466,695
  TOTAL EQUITY 466,695
  TOTAL LIABILITIES, SHARES, & EQUITY 5,321,672
INCOME & EXPENSE  
 Loan Income 58,605
 Investment Income 548
 Other Income 5,637
 Total Employee Compensation & Benefits 41,873
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 26,005
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,935
 Cost of Funds 1,084
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -11,130
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