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Overview / Commentary
800-468-5153
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 1,848th largest credit union in the nation. It was established in 1959 and as of March of 2018, it had grown to 16 employees and 6,969 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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Health
B+
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
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD0.09%
Return on Equity - YTD0.72%
Annual Interest Income$522.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$78.9MM$79.7MM
LoansQ1 2018vs Q1 2017$30.3MM$32.0MM
DepositsQ1 2018vs Q1 2017$69.3MM$70.2MM
Equity CapitalQ1 2018vs Q1 2017$9.4MM$9.4MM
Loan Loss AllowanceQ1 2018vs Q1 2017$137.00K$179.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$197.00K$292.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$0
Rates

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Locations


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

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