1 star ratingAverage User Rating:
1 star rating based on 3 reviews.

Sharonview Federal Credit Union

Sharonview Federal Credit Union Locations
P.O. Box 2070
Fort Mill, SC 29716
(800) 462-4421
www.sharonview.org



Sharonview Federal Credit Union is headquartered in Fort Mill and is the 3rd largest credit union in the state of South Carolina. It is also the 192nd largest credit union in the nation. It was established in 1976 and as of December of 2011, it had grown to 179 employees and 63,471 members. Sharonview Federal Credit Union has a 4-star health rating.

Sharonview Federal Credit Union Routing Number: 253075303

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2.50% 12-Month Jumbo CD at Sharonview FCU in NJ, SC & NC - Limited Membership - 2/26/2010

Sharonview Federal Credit Union is offering some very competitive CDs and IRA CDs especially for large deposits. The most competitive CDs for a $100K minimum include: 2.25% APY 6 months 2.50 ...



See Rates for: Checking | Savings | Money Market | CD | IRA

Sharonview Federal Credit Union Checking Account Rates

ApyMinMaxProduct
0.15%--Teen Checking
0.15%--Freedom Checking
0.15%--FreedomPlus Checking

Sharonview Federal Credit Union Savings Account Rates

ApyMinMaxProduct
0.45%$50k-IRA Savings
0.15%--Regular Share
0.15%--Little Rascals Club Savings
0.15%--Holiday Share
0.15%--Special Purpose Share

Sharonview Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.50%$50k-Premium Plus Money Market
0.45%$50k-Money Market Savings
0.45%$25k-Premium Money Market

Sharonview Federal Credit Union CD Rates

ApyMinMaxProduct
2.00%$100k-60 Month CD
1.75%$100k-36 - 59 Month CD
1.25%$100k-24 - 35 Month CD
1.00%$100k-12 - 23 Month CD
0.75%$100k-6 - 11 Month CD
0.50%$100k-3 - 5 Month CD

Sharonview Federal Credit Union IRA Rates

ApyMinMaxProduct
2.00%$100k-60 Month IRA
1.75%$100k-36 - 59 Month IRA
1.25%$100k-24 - 35 Month IRA
1.00%$100k-12 - 23 Month IRA
0.75%$100k-6 - 11 Month IRA
0.50%$100k-3 - 5 Month IRA

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


SHARONVIEW
NCUA #22458
BankRate ReportView
Year Chartered1976
Employees179
Primary Regulator

Assets and Liabilities

Assets$961.32 million
Loans$801.35 million
Deposits$692.21 million
Equity Capital$99.06 million
Loan Loss Allowance$12.45 million
Unbacked Noncurrent Loans$15.77 million
Real Estate Owned$3.69 million

Historic Data - December 2010

Assets$939.00 million
Equity Capital$93.58 million
Loan Loss Allowance$13.01 million
Unbacked Noncurrent Loans$23.79 million
Real Estate Owned$3.70 million

Profit Margin - Quarterly

Net Interest Margin4.42%
Return on Assets0.56%
Return on Equity5.42%
Interest Income$46.29 million
Non-Interest Income$8.02 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Sharonview Federal Credit Union had $19.46 million in non-current loans and owned real-estate with $111.51 million in equity and loan loss allowances on hand to cover it. This gives Sharonview Federal Credit Union a Texas Ratio of 17.45% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Sharonview Federal Credit Union decreased slightly from 25.79% as of December 31, 2010 to 17.45% as of December 31, 2011, resulting in a positive change of 32.34%.This indicates that the balance sheet and financial strength for Sharonview Federal Credit Union has improved slightly in recent periods.
Deposit Growth4
In the past year, Sharonview Federal Credit Union has increased its total deposits by $14 million, resulting in 2.06% 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 Sharonview Federal Credit Union has shown is above average.
Capitalization4
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. Sharonview Federal Credit Union has $961.32 million in assets with $111.51 million in equity, resulting in a capitalization level of 11.60%, which is above average.
Write Review

Not As Good As It Used To Be
1 stars - Dazednconfused - Saturday, October 22, 2011 - 8:47 AM

I have been a Sharonview customer for 15 years and am closing my accounts. Their fees are higher than any other bank, customer service is non-existent, and their interest rates on savings accounts are way too low with too many restrictions. Sharonview better do some market research to be competitive with the industry or they will lose a lot more customers.

4

Unreliable And Dishonest!
1 stars - notafan86 - Tuesday, May 24, 2011 - 6:27 PM

Sharonview Federal Credit Union -- I was with this union for 10 years and finally was forced to give up and take my business elsewhere. My former phone company had charged me early in 2010 for my phone bill without my authorization. I called them but they refused to rectify. I called Sharonview to get it fixed and the teller looked me in the eye and said, "Well you must have said they could charge you." I asked why I would pay my bill 3 weeks early when I had been paying my bill on time, on the same day, for the last 8 months. They refused to even investigate the situation and made me pay $30 for a stop payment on the charge. It still went through and I called Sharonview again and was told that "it happens sometimes" but that they were not able to return my $30 fee since it hadn't worked. This same issue happened 4 more times with the same phone company and at one point, I was $165 overdrawn, had no money for food, gas, or bills for two weeks, and both Sharonview and my phone company were willing to investigate or help figure out the situation. I finally went in to the bank manager and explained; I was 22 years old, new graduate, working part time for minimum wage, and my entire paycheck was direct deposit so it was taken as soon as it was put into my account. She explained that it was "your fault" for "not being diligent enough" with keeping my bills straight. I showed her that I had been with Sharonview for 10 years and had never had any overdrafts before this but she continued telling me it was my fault. I left crying and called corporate the next day. Long story short, I got the same response. I terminated my contract with my phone company and reported them to the BBB but i was still left with all of my overdraft fees, 4 stop payment fees, and late fees on all of my other bills that weren't getting paid because of this. Sharonview was very cold to my situation and weren't even willing to look into the situation. My mother was with them for 17 years up until this and ended up leaving them as well.

4

Good-Bye Forever Sharonview Federal Credit Union
1 stars - sbowers43 - Wednesday, October 12, 2011 - 1:49 PM

As a member for over 15 years, I have immediately broken ties with this company.  Upon purchasing an new vehicle I called SFCU and was given a payoff amount for vehicle I had financed with them, which I relayed the amount to the new dealer (Sharonviews Rates were not competitive).  After paperwork was submitted, Sharonviews Auto Loan person (She was no hlep whatsoever) had a different amount of payoff, of course higher.  So now, I have to go back to dealer with a check in hand, as SFCU cannot explain why the amount was different, I was asked repeatedly "who was it you spoke to"...who cares, just send me a damn statment, I want to see facts..  I proceeded to ask this Auto Loan person to give me a statement, she would not and made up senseless excuses.

Shame on me for not getting the initial payoff in written statement sent to dealer, but shame on you for losing a customer for over 15 years.  Adios!

2