S. C. State Credit Union is headquartered in Columbia and is the 8th largest credit union in the state of South Carolina. It is also the 373rd largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 220 employees and 73,257 members. S. C. State Credit Union has a A+ health rating.
Must live, work or attend school in Aiken, Anderson, Florence, Greenwood, Oconee, Orangeburg, Pickens or Spartanburg County. Also open to enrollees of SC Retirement Systems or employees of several Select Employee Groups. - See Details
CUSTOMER SERVICE IS HORRIBLE!!!!!! WHEN YOU HAVE TO FOLLOW UP NUMEROUS TIMES ON A MATTER, TALK TO A SUPERVISOR - WHO DOES NOT CARE- DOES NOT ASSIST IN RESOLVING YOUR ISSUE, IT'S TIME TO GO SOMEWHERE ELSE. THIS BANK HAS LOST ITS CHARM. BREATHE IN THE BANK, AND THEY CHARGE YOU A FEE.
South Carolina State Credit Union is a small credit union in South Carolina open to all state employees and their families. As my father was a state employee for many years I was able to open an account there. Because it is such a small bank it was a great first bank. You got to know the people that handle your money on a first name basis. I have never had to wait in a line to be served at South Carolina State Credit Union which is very different from many other "big name" banks. Even if you are not a state employee the bank employees will do everything in your power to find a way to make you a member! Great staff & excellent loan and savings rates too!
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 S. C. State Credit Union had $2.44 million in non-current loans and owned real-estate with $73.18 million in equity and loan loss allowances on hand to cover it. This gives S. C. State Credit Union a Texas Ratio of 3.34% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for S. C. State Credit Union experienced no significant changes from 2.82% as of March 31, 2013 to 3.34% as of March 31, 2014, resulting in a negative change of 18.54%. This indicates that the balance sheet and financial strength for S. C. State Credit Union has had no significant changes in recent periods.
In the past year, S. C. State Credit Union has increased its total deposits by $18.02 million, resulting in 3.47% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth S. C. State Credit Union has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. S. C. State Credit Union has $612.54 million in assets with $73.18 million in equity, resulting in a capitalization level of 11.95%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$69.27 million|
|Loan Loss Allowance||$3.92 million|
|Unbacked Noncurrent Loans||$2.44 million|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$65.85 million|
|Loan Loss Allowance||$2.40 million|
|Unbacked Noncurrent Loans||$2.44 million|
|Real Estate Owned||$35,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.35%|
|Return on Assets||0.26%|
|Return on Equity||2.28%|
|Interest Income||$4.73 million|
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|0.30%||-||-||IRA Savings Account|
|0.30%||-||-||Roth IRA Savings Account|
|0.30%||-||-||CESA Savings Account|
|0.30%||-||-||SEP IRA Savings Account|
|0.15%||-||-||Regular Savings Account|
|0.15%||-||-||Secondary Savings Account|
|0.10%||-||-||Holiday Club Account|
|0.35%||$25k||-||Money Management Account|
|0.10%||$2,500||-||First Checking Account|
|0.10%||$2,500||-||Relationship Checking Account|
|0.10%||$2,500||-||Club Checking Account|
|0.10%||-||-||DBA Dividend Checking Account|
|0.91%||$500||-||60+ Month Certificate|
|0.81%||$500||-||48+ Month Certificate|
|0.76%||$500||-||36+ Month Certificate|
|0.46%||$500||-||24+ Month Certificate|
|0.40%||$500||-||18+ Month Certificate|
|0.30%||$500||-||12+ Month Certificate|
|0.30%||$100||-||12 Month Youth Certificate|
|0.20%||$500||-||6+ Month Certificate|
|0.15%||$500||-||3+ Month Certificate|
|0.91%||$500||-||60+ Month IRA Certificate|
|0.81%||$500||-||48+ Month IRA Certificate|
|0.76%||$500||-||36+ Month IRA Certificate|
|0.46%||$500||-||24+ Month IRA Certificate|
|0.40%||$500||-||18+ Month IRA Certificate|
|0.30%||$500||-||12+ Month IRA Certificate|