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Self Memorial Hospital Credit Union

Overview / Commentary
864-725-4176
315 EPTING AVE
GREENWOOD, SC 29646-4039

Self Memorial Hospital Credit Union is headquartered in GREENWOOD and is the 52nd largest credit union in the state of South Carolina. It is also the 4,181st largest credit union in the nation. It was established in 1966 and as of March of 2014, it had grown to 6 employees and 2,852 members. Self Memorial Hospital Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be an employee, retiree or volunteer of Self Regional Healthcare. Also open to employees of any business within 25 miles radius of the credit union. - See Details

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Self Memorial Hospital Credit Union has a low asset base.

Texas Ratio

GRADE:
B

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 Self Memorial Hospital Credit Union had $342,000 in non-current loans and owned real-estate with $1.66 million in equity and loan loss allowances on hand to cover it. This gives Self Memorial Hospital Credit Union a Texas Ratio of 20.54% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Self Memorial Hospital Credit Union increased slightly from 13.73% as of March 31, 2013 to 20.54% as of March 31, 2014, resulting in a negative change of 49.61%. This indicates that the balance sheet and financial strength for Self Memorial Hospital Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Self Memorial Hospital Credit Union has increased its total deposits by $143,000, resulting in 1.3% 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 Self Memorial Hospital Credit Union has shown is above average.

Capitalization

GRADE:
A+

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. Self Memorial Hospital Credit Union has $12.7 million in assets with $1.66 million in equity, resulting in a capitalization level of 13.11%, which is excellent.

Institution Statistics

Overall
NCUA #17831
Year Chartered1966
Employees6
Primary Regulator
Assets and Liabilities
Assets$12.70 million
Loans$7.30 million
Deposits$11.14 million
Equity Capital$1.52 million
Loan Loss Allowance$150,000
Unbacked Noncurrent Loans$342,000
Real Estate Owned$0
Historic Data - March 2013
Assets$12.64 million
Equity Capital$1.52 million
Loan Loss Allowance$102,000
Unbacked Noncurrent Loans$342,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.75%
Return on Assets-0.06%
Return on Equity-0.53%
Interest Income$135,000
Rates
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Self Memorial Hospital Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Share Account

Self Memorial Hospital Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Share Draft Account

Self Memorial Hospital Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.65%$1k-24 Month Share Certificate
0.40%$500-12 Month Share Certificate
0.35%$500-6 Month Share Certificate

Self Memorial Hospital Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.40%$500-12 Month IRA Certificate
0.40%$500-12 Month Roth IRA Certificate
Locations


Self Memorial Hospital Credit Union Locations
Branch Office315 EPTING AVEGREENWOOD, SC 29646-4039