SPARTANBURG CITY EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.sce-cu.org for more information.
Dec, 31, 2023 — 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 63 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.
| Name: | SPARTANBURG CITY EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 1749 SPARTANBURG, SC 29304 |
| Phone: | (864) 596-3732 |
| Fax: | (864) 596-3456 |
| Website: | https://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 |
| 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 |
| ↑ Back to Top | |