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National Credit Union Service Organization

SPARTANBURG CITY EMPLOYEES CREDIT UNION

Mar, 31, 2022 — SPARTANBURG CITY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in SPARTANBURG, SC with 1 branch location and about $7.47 million in total assets. Opened 61 years ago in 1961, SPARTANBURG CITY EMPLOYEES CREDIT UNION has about 694 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253279811
Name:SPARTANBURG CITY EMPLOYEES CREDIT UNION
Address:
(Main Office)
PO BOX 1749
SPARTANBURG, SC 29304
Phone:(864) 596-3732
Fax:(864) 596-3456
Website:http://www.sce-cu.org
Branches:1 branch locations
Members:694
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60769
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1961
Last Audited:Jun 01, 2018
FHLB Member:No
Low Income Designation:No
Assets:$7,466,289
CEO/Manager:Jeremy B Parker
Chairperson:William Michels

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,777,775
TOTAL INVESTMENTS 35,746
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 419,215
 Other Loans 4,351,520
 TOTAL LOANS 4,770,735
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -193,156
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 59,592
 All Other Assets 15,597
  TOTAL ASSETS 7,466,289
LIABILITIES & CAPITAL:  
 Dividends Payable 6,604
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,348
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,140,993
 All Other Shares & Deposits 3,148,204
  TOTAL SHARES & DEPOSITS 6,289,197
  TOTAL LIABILITIES 6,298,149
 Regular Reserve 204,713
 Other Reserves 0
 Undivided Earnings 963,427
  TOTAL EQUITY 1,168,140
  TOTAL LIABILITIES, SHARES, & EQUITY 7,466,289
INCOME & EXPENSE  
 Loan Income 148,850
 Investment Income 973
 Other Income 13,221
 Total Employee Compensation & Benefits 21,798
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 43,327
 Non-operating Income & (Expense) 1,162
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 128,413
 Cost of Funds 46,054
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -75,386
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