HopeSouth Credit Union

Overview / Commentary
807 W Greenwood St
Abbeville, SC 29620

HopeSouth Credit Union is headquartered in Abbeville and is the 36th largest credit union in the state of South Carolina. It is also the 3,030th largest credit union in the nation. It was established in 1971 and as of June of 2022, it had grown to 9 employees and 3,486 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 - YTD5.18%
Return on Equity - YTD22.94%
Annual Interest Income$637.00K
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$30.9MM$29.3MM
LoansQ2 2022vs Q2 2021$12.6MM$10.8MM
DepositsQ2 2022vs Q2 2021$23.7MM$22.8MM
Equity CapitalQ2 2022vs Q2 2021$7.1MM$4.6MM
Loan Loss AllowanceQ2 2022vs Q2 2021$104.00K$503.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$275.00K$128.00K
Real Estate OwnedQ2 2022vs Q2 2021$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

1.00%-$20kMoney Market Account

HopeSouth Credit Union Checking Account Rates

0.05%$200-Greater Advantage Checking Account

HopeSouth Credit Union CD Rates

0.20%$10k-24 Month Prestige Certificate
0.15%$5k-18 Month Preferred Certificate
0.15%$10k-18 Month Prestige Certificate
0.10%$1k-12 Month Basic Certificate
0.10%$5k-12 Month Preferred Certificate
0.10%$10k-12 Month Prestige Certificate
0.05%$500-6 Month Budget Certificate
0.05%$1k-6 Month Basic Certificate
0.05%$5k-6 Month Preferred Certificate
0.05%$10k-6 Month Prestige Certificate

HopeSouth Credit Union IRA Rates

0.20%$10k-24 Month Prestige IRA Certificate
0.15%$5k-18 Month Preferred IRA Certificate
0.15%$10k-18 Month Prestige IRA Certificate
0.10%$1k-12 Month Basic IRA Certificate
0.10%$5k-12 Month Preferred IRA Certificate
0.10%$10k-12 Month Prestige IRA Certificate
0.05%$1k-6 Month Basic IRA Certificate
0.05%$500-6 Month Budget IRA Certificate
0.05%$5k-6 Month Preferred IRA Certificate
0.05%$10k-6 Month Prestige IRA Certificate

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

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