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SUMTER CITY CREDIT UNION

Jun, 30, 2021 — SUMTER CITY CREDIT UNION is a federally insured state chartered credit union headquartered in Sumter, SC with 0 branch location and about $2.98 million in total assets. Opened 57 years ago in 1964, SUMTER CITY CREDIT UNION has about 786 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SUMTER CITY CREDIT UNION
Address:
(Main Office)
21 N Main St
Sumter, SC 29150
Phone:(803) 774-1641
Fax:(803) 774-1691
Website:n/a
Branches:0 branch locations
Members:786
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60752
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1964
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,975,156
CEO/Manager:Morgan Mociun
Chairperson:Robert E Galloway, Jr.

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,335,028
TOTAL INVESTMENTS 273,874
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 230,958
 Other Loans 1,113,236
 TOTAL LOANS 1,344,194
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,521
 Land And Building 0
 Other Fixed Assets 9
 NCUSIF Deposit 21,369
 All Other Assets 6,203
  TOTAL ASSETS 2,975,156
LIABILITIES & CAPITAL:  
 Dividends Payable 57
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,556
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,250,506
 All Other Shares & Deposits 313,828
  TOTAL SHARES & DEPOSITS 2,564,334
  TOTAL LIABILITIES 2,567,947
 Regular Reserve 142,801
 Other Reserves 0
 Undivided Earnings 264,408
  TOTAL EQUITY 407,209
  TOTAL LIABILITIES, SHARES, & EQUITY 2,975,156
INCOME & EXPENSE  
 Loan Income 42,518
 Investment Income 819
 Other Income 1,996
 Total Employee Compensation & Benefits 31,308
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 14,981
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 796
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,752
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