SUMTER CITY CREDIT UNION is no longer an active credit union according to the NCUA.
Jun, 30, 2024 — SUMTER CITY CREDIT UNION is a federally insured state chartered credit union headquartered in Sumter, SC with 0 branch location and about $2.72 million in total assets. Opened 61 years ago in 1964, SUMTER CITY CREDIT UNION has about 743 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: | 743 |
| 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: | $2,719,088 |
| CEO/Manager: | Morgan Mociun |
| Chairperson: | Robert E Galloway, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,252,228 |
| TOTAL INVESTMENTS | 274,128 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 213,986 |
| Other Loans | 950,801 |
| TOTAL LOANS | 1,164,787 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,805 |
| Land And Building | 0 |
| Other Fixed Assets | 9 |
| NCUSIF Deposit | 21,369 |
| All Other Assets | 13,372 |
| TOTAL ASSETS | 2,719,088 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 47 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 111 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,088,694 |
| All Other Shares & Deposits | 214,599 |
| TOTAL SHARES & DEPOSITS | 2,303,293 |
| TOTAL LIABILITIES | 2,303,451 |
| Regular Reserve | 142,801 |
| Other Reserves | 0 |
| Undivided Earnings | 272,836 |
| TOTAL EQUITY | 415,637 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,719,088 |
| INCOME & EXPENSE | |
| Loan Income | 82,338 |
| Investment Income | 1,283 |
| Other Income | 3,925 |
| Total Employee Compensation & Benefits | 55,127 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 25,263 |
| Non-operating Income & (Expense) | 3,981 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,943 |
| Cost of Funds | 1,532 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,677 |
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