HopeSouth Credit Union is headquartered in Abbeville and is the 36th largest credit union in the state of South Carolina. It is also the 2,928th largest credit union in the nation. It was established in 1971 and as of June of 2023, it had grown to 9 employees and 3,539 members at 2 locations. HopeSouth Credit Union's CD rates are 3X the national average, and it has a B+ health rating.
Friendly Staff and Quality Service
Being a part of this bank was a great experience. I am no longer there, but I was a much better experience than I have ever had with corporate banks. The employees genuinely want to help you, are always cheerful, and most of them know you by name. For a small local bank, they offer a great number of services and often at a better rate than corporate banks. I had a savings account with them, and it was very easy to open with no hassle and the employee that helped me sign up made it very understandable to set up.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 20824 |
| Year Chartered | 1971 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 3.08% |
| Return on Equity - YTD | 12.76% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $31.9MM$30.9MM |
| Loans | Q2 2023vs Q2 2022 | $14.1MM$12.6MM |
| Deposits | Q2 2023vs Q2 2022 | $24.0MM$23.7MM |
| Equity Capital | Q2 2023vs Q2 2022 | $7.7MM$7.1MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$104.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $357.00K$275.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |