South Carolina Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.35% | 5-year CD | 60 Month Share Certificate 2.25% - Ally Bank High Yield 5 Year CD |
| 0.65% | 1-year CD | 12 Month Share Certificate 1.40% - Synchrony Bank 12 Month CD |
| 0.05% | Savings | Savings Account |
South Carolina Federal Credit Union is headquartered in North Charleston and is the 2nd largest credit union in the state of South Carolina. It is also the 147th largest credit union in the nation. It was established in 1936 and as of March of 2017, it had grown to 406 employees and 155,806 members at 20 locations. South Carolina Federal Credit Union's savings rates are 2X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in South Carolina Federal Credit Union is open to those who live, work, worship or attend school in Charleston, Dorchester, Berkeley, Calhoun, Georgetown, Orangeburg or selected parts of Lexington or Richland County. Membership is also open to immediate family and household members of eligible members.
See current membership details
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Best Local Bank In Charleston
Compared to BB&T, Wells Fargo. and Bank of America in Charleston, SC there is no comparison. BB&T is horrible, but I have to deal with them with my business account. I can't comment on Web experience, only customer service within the branch. SCFCU treats everyone like a king. When I go to make a deposit or withdrawal I simply show my ID and tell them which account number. At BB&T I have to either write myself a check or use a deposit slip. How antiquated is that? The lines at other banks can get long, SCFCU always has the right amount of tellers, at most you will have 1 person in front of you.
SC Credit Union
I switched by bank from Well Fargo to South Carolina Credit Union because of a poor customer service after the Wachovia transition. I was pleasantly surprised with the customer service of South Carolina Credit Union. They had a more personal approach in dealing with their customers. Also, the rates on their loans were lower than other banks. I was able to refinance my mortgage at a lower rate which saved me significant amount of money.
Do Not Bank With These People
Worst app in banking. Also, i believe this bank; South Carolina Federal Credit Union, has a predatory method of charging it's customers with fees. They offer programs that are not standard for most banks. I was charged a total of $450 for transactions that should not have even over drafted my account. They applied fees, which resulted in a negative balance, and continued to apply fees over the Christmas holiday while the bank was closed and I was unable to deposit my check. I was not notified by email, or text that my account had fallen below a specific notification balance of $50 that I choose. The first notice I received was a full day after the last fee was applied. I will be ending my relationship with this bank which I maintained for over 30 years. The employee handling my account was incredibly rude and did not offer any assistance with my account issues, despite the fact that I have not had an nsf for over ten years. Incredibly dissapointed with the service that I received. I would recommend not banking with this company.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1022 |
| Year Chartered | 1936 |
| Employees | 406 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 7.45% |
| Annual Interest Income | $12.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $1.63B$1.46B |
| Loans | Q1 2017vs Q1 2016 | $1.25B$1.08B |
| Deposits | Q1 2017vs Q1 2016 | $1.27B$1.16B |
| Equity Capital | Q1 2017vs Q1 2016 | $174.9MM$162.7MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $4.4MM$6.1MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $2.4MM$4.0MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $444.00K$382.00K |
Always verify rates and promotions with the bank or credit union. We are not South Carolina Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
South Carolina Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.06%* | - | $1k | My Savings | ||
| OTHER TIERS: 0.05% → $1k+ | |||||
| 1.06%* | - | $1k | My Whatever Savings | ||
| OTHER TIERS: 0.05% → $1k+ | |||||
| 0.15% | $100 | - | IRA Account | ||
| 0.05% | $150 | - | Savings Account | ||
| 0.05% | - | - | Christmas Club Account | ||
South Carolina Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $50k* | - | Money Market Account | ||
| OTHER TIERS: 0.05% → $1k - $5k | 0.10% → $5k - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | |||||
South Carolina Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15%* | $25k* | - | Premier Business Checking | ||
| OTHER TIERS: 0.05% → $250 - $25k | |||||
| 0.10%* | $10k* | - | Premium Checking Account | ||
| OTHER TIERS: 0.05% → $2,500 - $10k | |||||
South Carolina Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.50% | $500 | - | 60 Month Premium Checking Share Certificate | ||
| 1.35%* | $50k* | - | 60 Month Share Certificate | ||
| OTHER TIERS: 1.25% → $500 - $50k | |||||
| 1.00%* | $50k* | - | 36 Month Share Certificate | ||
| OTHER TIERS: 0.90% → $500 - $50k | |||||
| 0.90%* | $50k* | - | 36 Month Step-Up Share Certificate | ||
| OTHER TIERS: 0.80% → $500 - $50k | |||||
| 0.85%* | $50k* | - | 24 Month Share Certificate | ||
| OTHER TIERS: 0.75% → $500 - $50k | |||||
| 0.70%* | $50k* | - | 18 Month Share Certificate | ||
| OTHER TIERS: 0.60% → $500 - $50k | |||||
| 0.65%* | $50k* | - | 12 Month Share Certificate | ||
| OTHER TIERS: 0.55% → $500 - $50k | |||||
| 0.45%* | $50k* | - | 6 Month Share Certificate | ||
| OTHER TIERS: 0.35% → $500 - $50k | |||||
| 0.30%* | $50k* | - | 3 Month Share Certificate | ||
| OTHER TIERS: 0.20% → $500 - $50k | |||||
South Carolina Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.35%* | $50k* | - | 60 Month IRA Share Certificate | ||
| OTHER TIERS: 1.25% → $500 - $50k | |||||
| 1.00%* | $50k* | - | 36 Month IRA Share Certificate | ||
| OTHER TIERS: 0.90% → $500 - $50k | |||||
| 0.90%* | $50k* | - | 36 Month Step-Up IRA Share Certificate | ||
| OTHER TIERS: 0.80% → $500 - $50k | |||||
| 0.85%* | $50k* | - | 24 Month IRA Share Certificate | ||
| OTHER TIERS: 0.75% → $500 - $50k | |||||
| 0.70%* | $50k* | - | 18 Month IRA Share Certificate | ||
| OTHER TIERS: 0.60% → $500 - $50k | |||||
| 0.65%* | $50k* | - | 12 Month IRA Share Certificate | ||
| OTHER TIERS: 0.55% → $500 - $50k | |||||
| 0.45%* | $50k* | - | 6 Month IRA Share Certificate | ||
| OTHER TIERS: 0.35% → $500 - $50k | |||||
| 0.30%* | $50k* | - | 3 Month IRA Share Certificate | ||
| OTHER TIERS: 0.20% → $500 - $50k | |||||
South Carolina Federal Credit Union has 20 locations. Click to view all South Carolina Federal Credit Union locations.