Dec, 31, 2023 — SANTEE COOPER CREDIT UNION is a federally insured state chartered credit union headquartered in MONCKS CORNER, SC with 2 branch locations and about $80.01 million in total assets. Opened 71 years ago in 1953, SANTEE COOPER CREDIT UNION has about 6,915 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SANTEE COOPER CREDIT UNION |
|---|---|
| Address: (Main Office) | 612 Rembert C Dennis Blvd MONCKS CORNER, SC 29461 |
| Phone: | (843) 761-4001 |
| Fax: | (843) 761-7011 |
| Website: | https://www.santeecoopercreditunion.com/ |
| Branches: | 2 branch locations |
| Members: | 6,915 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60745 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $80,012,284 |
| CEO/Manager: | Michelle Jones |
| Chairperson: | William Finn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,707,611 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,277,272 |
| Unsecured Loans | 3,498,681 |
| Other Loans | 44,630,807 |
| TOTAL LOANS | 51,406,760 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -570,399 |
| Land And Building | 635,676 |
| Other Fixed Assets | 27,102 |
| NCUSIF Deposit | 652,076 |
| All Other Assets | 8,829 |
| TOTAL ASSETS | 80,012,284 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 793,062 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,701,705 |
| Regular shares | 38,407,072 |
| All Other Shares & Deposits | 20,488,375 |
| TOTAL SHARES & DEPOSITS | 68,597,152 |
| TOTAL LIABILITIES | 69,390,214 |
| Regular Reserve | 0 |
| Other Reserves | 3,133,528 |
| Undivided Earnings | 7,488,542 |
| TOTAL EQUITY | 10,622,070 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 80,012,284 |
| INCOME & EXPENSE | |
| Loan Income | 2,530,693 |
| Investment Income | 674,731 |
| Other Income | 605,374 |
| Total Employee Compensation & Benefits | 1,475,154 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,097,720 |
| Non-operating Income & (Expense) | 321 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 121,900 |
| Cost of Funds | 319,469 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,483,259 |
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