HopeSouth Credit Union

Overview / Commentary
807 W Greenwood St
Abbeville, SC 29620-2552

HopeSouth Credit Union is headquartered in Abbeville and is the 43rd largest credit union in the state of South Carolina. It is also the 3,307th largest credit union in the nation. It was established in 1971 and as of December of 2018, it had grown to 8 employees and 3,529 members at 1 location. HopeSouth Credit Union has a B health rating.

Reviews (1)

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.

Additional 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. HopeSouth Credit Union has a low asset base.

Health Grade Components

NCUA #20824
Year Chartered1971
Primary Regulator
Profit Margin
Return on Assets - YTD1.51%
Return on Equity - YTD8.33%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$20.8MM$19.5MM
LoansQ4 2018vs Q4 2017$11.8MM$12.7MM
DepositsQ4 2018vs Q4 2017$16.5MM$16.1MM
Equity CapitalQ4 2018vs Q4 2017$3.8MM$3.4MM
Loan Loss AllowanceQ4 2018vs Q4 2017$230.00K$177.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$418.00K$529.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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HopeSouth Credit Union Savings Account Rates

0.30%$100-IRA Account
0.10%$100-Regular Share Savings Account
0.05%$100-Christmas Club Savings Account
0.05%$100-Vacation Club Savings Account

HopeSouth Credit Union Money Market Rates

2.00%-$20kMoney Market Account

HopeSouth Credit Union Checking Account Rates

0.05%$200-Greater Advantage Checking Account

HopeSouth Credit Union CD Rates

1.00%$10k-48 Month Prestige Certificate
0.80%$10k-36 Month Prestige Certificate
0.70%$10k-24 Month Prestige Certificate
0.60%$10k-18 Month Prestige Certificate
0.50%$10k-12 Month Prestige Certificate
0.45%$5k-18 Month Preferred Certificate
0.35%$5k-12 Month Preferred Certificate
0.25%$10k-6 Month Prestige Certificate
0.15%$1k-12 Month Basic Certificate
0.10%$500-6 Month Budget Certificate
0.10%$1k-6 Month Basic Certificate
0.10%$5k-6 Month Preferred Certificate

HopeSouth Credit Union IRA Rates

1.00%$10k-48 Month Prestige IRA Certificate
0.80%$10k-36 Month Prestige IRA Certificate
0.70%$10k-24 Month Prestige IRA Certificate
0.60%$10k-18 Month Prestige IRA Certificate
0.50%$10k-12 Month Prestige IRA Certificate
0.45%$5k-18 Month Preferred IRA Certificate
0.35%$5k-12 Month Preferred IRA Certificate
0.25%$10k-6 Month Prestige IRA Certificate
0.15%$1k-12 Month Basic IRA Certificate
0.10%$1k-6 Month Basic IRA Certificate
0.10%$500-6 Month Budget IRA Certificate
0.10%$5k-6 Month Preferred IRA Certificate

HopeSouth Credit Union Locations
Branch Office807 W Greenwood StAbbeville, SC 29620-2552

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