HopeSouth Credit Union is headquartered in Abbeville and is the 39th largest credit union in the state of South Carolina. It is also the 3,181st largest credit union in the nation. It was established in 1971 and as of December of 2020, it had grown to 8 employees and 3,503 members at 1 location. HopeSouth Credit Union 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 Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 20824 |
| Year Chartered | 1971 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.31% |
| Return on Equity - YTD | 7.34% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $25.6MM$21.6MM |
| Loans | Q4 2020vs Q4 2019 | $10.5MM$11.4MM |
| Deposits | Q4 2020vs Q4 2019 | $20.8MM$17.0MM |
| Equity Capital | Q4 2020vs Q4 2019 | $4.5MM$4.2MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $376.00K$352.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $238.00K$383.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |