HopeSouth Credit Union

Overview / Commentary
807 W Greenwood St
Abbeville, SC 29620

HopeSouth Credit Union is headquartered in Abbeville and is the 35th largest credit union in the state of South Carolina. It is also the 2,872nd largest credit union in the nation. It was established in 1971 and as of December of 2023, it had grown to 9 employees and 3,527 members at 3 locations. 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 - YTD3.72%
Return on Equity - YTD14.48%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$32.6MM$30.7MM
LoansQ4 2023vs Q4 2022$14.3MM$13.3MM
DepositsQ4 2023vs Q4 2022$23.9MM$23.4MM
Equity CapitalQ4 2023vs Q4 2022$8.4MM$7.3MM
Loan Loss AllowanceQ4 2023vs Q4 2022$303K$131K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$459K$310K
Real Estate OwnedQ4 2023vs Q4 2022$0$0

Rates for HopeSouth Credit Union are currently being reviewed.


HopeSouth Credit Union Locations
Branch Office807 W Greenwood StAbbeville, SC 29620-2552
Branch Office536 W Greenwood StAbbeville, SC 29620
Corporate Office255 Fiserv DrBrookfield, WI 53045-5815

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