Overview / Commentary
Edisto Federal Credit Union is headquartered in Orangeburg and is the 40th largest credit union in the state of South Carolina. It is also the 3,220th largest credit union in the nation. It was established in 1936 and as of December of 2019, it had grown to 11 employees and 3,857 members at 2 locations. Edisto Federal Credit Union has a C+ health rating.
Field of Membership Restrictions
Membership is open to employees of Claflin University, Denmark Technical College, Voorhees College, South Carolina State University, and Orangeburg County Consolidated School Districts 3, 4 and 5.
See current membership details
Health
C+
Data as of Q4 2019
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. Edisto Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1397 |
| Year Chartered | 1936 |
| Employees | 11 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.28% |
| Return on Equity - YTD | 1.83% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $22.3MM$24.2MM |
| Loans | Q4 2019vs Q4 2018 | $11.8MM$12.3MM |
| Deposits | Q4 2019vs Q4 2018 | $18.8MM$20.9MM |
| Equity Capital | Q4 2019vs Q4 2018 | $3.4MM$3.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $265.00K$315.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $279.00K$394.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $92.00K$92.00K |