Sharonview Federal Credit Union
Sharonview Federal Credit Union is headquartered in Indian Land and is the 5th largest credit union in the state of South Carolina. It is also the 305th largest credit union in the nation. It was established in 1976 and as of June of 2024, it had grown to 290 employees and 90,513 members at 18 locations. Sharonview Federal Credit Union has a C health rating.
Field of Membership Restrictions
Membership in Sharonview Federal Credit Union is open to residents of the Carolinas, Georgia, Tennessee, or Virginia by joining the Carolinas Consumer Council. Membership is also open to the following: (1) those who live, work, volunteer, worship, or attend school in Bladen, Cleveland, Gaston, or Robinson Counties in North Carolina and in select areas of Charlotte, Salisbury, or Wilmington, North Carolina; (2) those who live, work, attend school, volunteer, or worship in Florence County or select areas of Spartanburg or Greenville Counties in South Carolina; (3) employees or retirees of American Asset, APAC-Atlantic, and over 100 other companies or organizations. (Membership requirements are detailed in the credit union's online application)
See current membership details
Related Posts
1/1 - Sharonview FCU - 13-Months (Limited Time) CD @ 4.60%
3/2/18 - Sharonview FCU's Adds 64-Month Certificate Special
3/1/18 - Share Certificate Special 64 Months At 4% APY
9/18/15 - Sharonview FCU (SC) Has Competitive 36-Month IRA Special
2/26/10 - 2.50% 12-Month Jumbo CD at Sharonview FCU in NJ, SC & NC - Limited Membership
4/17/06 - 6.25% 60-Month Variable CD at a Carolina CU (part 2)
1/11/06 - 6.25% 60-Month Variable CD at a Carolina CU
Sharonview CU Site Update By Oct18 2021
Very Clunky Updating
May just be my internet connection .
Looks like a High School web page in my opinion
No Secure Message Capability
Sharonview does not have a secure message capability on their website. You have to call them and wait on hold for a rep to answer. I think this is below par.
Illegal Hard Credit Pull For A Savings Account
Be aware that Sharonview FCU will conduct a hard inquiry on your credit report even for a savings account. I froze my credit reports with all three agencies years ago. When I applied for a savings account, a representative called me the next day. She wanted me to unfreeze my credit so she could process my application. I told her that it was ridiculous, and I refused to do so. She was very persistent, but I stood my ground and repeatedly said no. Well, I received a rejection letter about a week later. I thought, okay, it is because I refused to give them access to my credit report.
A few months later, I checked my credit report and found that Sharonview FCU had accessed my credit report by falsely claiming that they had an ongoing banking relationship with me. Do not use this credit union. They have absolutely no integrity. Even more astonishing to me is the fact that after accessing my credit illegally, they still denied me, even though I had a great score. So, what the heck? Do not use this credit union. Do not give them your Social Security Number.
Terrible Financial Institution
Let me just say that I rated the customer service as low not because of a bad experience with any rep, but because the lack of support during critical hours like the weekends. To be a financial institution that doesn't offer weekend support, then direct people to a number with an answering machine that doesn't work is trashy.
My biggest complaint is with their low quality website and web app. The website routinely goes down almost daily...very conveniently when the reps are home and there is no one to take your call. How can you offer a service and not have a way for users to access their accounts because everything if down or has crashed for whatever reason. Speaking as a software engineer, this screams "outdated software" that isn't being updated and made better. The website is very buggy with entry fields that are routinely unresponsive for 10-20 seconds like the field to enter in the amount you want to transfer to another account.
Fix your website please! It's way too buggy for a serious financial institution. I expect better and will be closing my accounts.
Deceptive Information
We found a link that stated this bank had an Investor Money Market account that paid a 0.75% interest rate. We submitted applications to become members of the bank and provided all the required personal information. We also created an external bank to provide additional funding.
Ten days after we submitted our applications we were told that to create a Investor Money Market account we had to bring all our financial information to the bank to discuss out financial goal.
Do not fall for this bank's deceptive practices.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 22458 |
| Year Chartered | 1976 |
| Employees | 290 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.85% |
| Return on Equity - YTD | -14.83% |
| Annual Interest Income | $35.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $1.55B$1.81B |
| Loans | Q2 2024vs Q2 2023 | $1.07B$1.38B |
| Deposits | Q2 2024vs Q2 2023 | $1.27B$1.41B |
| Equity Capital | Q2 2024vs Q2 2023 | $90.1MM$119.8MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $18.1MM$11.7MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $21MM$16.8MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $51K$103K |
