Overview / Commentary
Latitude 32 Credit Union is headquartered in Charleston and is the 27th largest credit union in the state of South Carolina. It is also the 2,186th largest credit union in the nation. It was established in 1952 and as of March of 2025, it had grown to 16 employees and 6,438 members at 2 locations. Latitude 32 Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Latitude 32 Credit Union is open to those who live, work, worship, volunteer, attend school, or belong to any organization that operates in Charleston County, South Carolina. Family members of anyone eligible to join also qualify for membership.
See current membership details
Health
B+
Data as of Q1 2025
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Latitude 32 Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8059 |
| Year Chartered | 1952 |
| Employees | 16 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.42% |
| Return on Equity - YTD | 10.1% |
| Annual Interest Income | $817K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $66.7MM$66.5MM |
| Loans | Q1 2025vs Q1 2024 | $44.7MM$49.8MM |
| Deposits | Q1 2025vs Q1 2024 | $57.2MM$57.6MM |
| Equity Capital | Q1 2025vs Q1 2024 | $9.3MM$8.5MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $199K$159K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $64K$166K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |