Dec, 31, 2023 — S. C. STATE FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBIA, SC with 20 branch locations and about $1.39 billion in total assets. Opened 72 years ago in 1952, S. C. STATE FEDERAL CREDIT UNION has about 88,849 members and employs 288 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | S. C. STATE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 800 Huger St COLUMBIA, SC 29201-3620 |
| Phone: | (803) 343-0300 |
| Fax: | (803) 454-8044 |
| Website: | https://www.scscu.com |
| Branches: | 20 branch locations |
| Members: | 88,849 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24824 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,387,254,154 |
| CEO/Manager: | James Kinard |
| Chairperson: | Vincent Rhodes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 291,843,551 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 265,396,620 |
| Unsecured Loans | 160,410,525 |
| Other Loans | 330,362,420 |
| TOTAL LOANS | 756,169,565 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,751,945 |
| Land And Building | 39,471,246 |
| Other Fixed Assets | 3,643,333 |
| NCUSIF Deposit | 11,001,208 |
| All Other Assets | 189,821 |
| TOTAL ASSETS | 1,387,254,154 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,152 |
| Notes & Interest Payable | 100,000,000 |
| Accounts Payable & Other Liabilities | 16,239,016 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 225,968,518 |
| Regular shares | 408,924,007 |
| All Other Shares & Deposits | 479,160,385 |
| TOTAL SHARES & DEPOSITS | 1,114,052,910 |
| TOTAL LIABILITIES | 1,230,311,078 |
| Regular Reserve | 0 |
| Other Reserves | -5,190,216 |
| Undivided Earnings | 162,133,292 |
| TOTAL EQUITY | 156,943,076 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,387,254,154 |
| INCOME & EXPENSE | |
| Loan Income | 43,873,120 |
| Investment Income | 15,368,258 |
| Other Income | 8,502,685 |
| Total Employee Compensation & Benefits | 19,333,852 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,641,687 |
| Non-operating Income & (Expense) | 116,600 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,126,313 |
| Cost of Funds | 11,148,043 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,150,451 |
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