Secured Advantage


Overview / Commentary
864-967-1402
116 Ne Main St
Simpsonville, SC 29681

Secured Advantage is headquartered in Simpsonville and is the 31st largest credit union in the state of South Carolina. It is also the 2,279th largest credit union in the nation. It was established in 1959 and as of March of 2025, it had grown to 10 employees and 6,499 members at 2 locations. Secured Advantage has a B health rating.

Field of Membership Restrictions

Secured Advantage Federal Credit Union is open to employees, directors, or retirees from the following: Sealed Air Corp.(and any subsidiary or affiliate), Middle Tyger Community Center, Southeastern Children’s Home, Your Marketing Co., AMC Management Corp. (McDonalds Franchise), Penland Automotive, Little Me Academy, City of Iowa Park Police department, Itty Bitty Child Care. Membership is also open to employees of and students attending Iowa Park Consolidated Independent School District, and employees, elected/appointed officials and volunteers of the City of Iowa Park municipal government.
See current membership details

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Health
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. Secured Advantage has a relatively low asset base.

Health Grade Components

Overall
NCUA #12877
Year Chartered1959
Employees10
Primary Regulator
Profit Margin
Return on Assets - YTD-0.34%
Return on Equity - YTD-2.73%
Annual Interest Income$751K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$60.2MM$62.8MM
LoansQ1 2025vs Q1 2024$31MM$34.3MM
DepositsQ1 2025vs Q1 2024$52.9MM$55.4MM
Equity CapitalQ1 2025vs Q1 2024$7.4MM$7.3MM
Loan Loss AllowanceQ1 2025vs Q1 2024$370K$422K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$393K$280K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Secured Advantage are currently being reviewed.

Locations


Secured Advantage Locations
Branch Office903 W Highway StIowa Park, TX 76367-1180
Branch Office116 NE Main StSimpsonville, SC 29681-2656

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