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Overview / Commentary
803 N Maple St
Simpsonville, SC 29681-2251

Secured Advantage is headquartered in Simpsonville and is the 24th largest credit union in the state of South Carolina. It is also the 1,849th largest credit union in the nation. It was established in 1959 and as of September of 2017, it had grown to 15 employees and 6,945 members at 3 locations. Secured Advantage has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees and retirees of Sealed Air Corporation (US), headquartered in Saddle Brook, NJ, who work in the United States and to immediate family.
See current membership details


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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

NCUA #12877
Year Chartered1959
Primary Regulator
Profit Margin
Return on Assets - YTD-0.11%
Return on Equity - YTD-0.94%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$77.7MM$79.9MM
LoansQ3 2017vs Q3 2016$31.3MM$32.7MM
DepositsQ3 2017vs Q3 2016$68.2MM$70.2MM
Equity CapitalQ3 2017vs Q3 2016$9.4MM$9.7MM
Loan Loss AllowanceQ3 2017vs Q3 2016$144.00K$90.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$139.00K$289.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$0

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Secured Advantage Locations
Branch Office803 N Maple StSimpsonville, SC 29681-2251
Branch Office126 W Main StDuncan, SC 29334
Branch Office1301 W Magnolia AveIowa Park, TX 76367-1410