South Carolina Federal Credit Union

Overview / Commentary
2175 Credit Union Ln
North Charleston, SC 29406-4915

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 162nd largest credit union in the nation. It was established in 1936 and as of December of 2019, it had grown to 463 employees and 160,647 members at 24 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, Georgetown, Columbia, or Florence and through family members.
See current membership details

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Reviews (4)

Best Local Bank In Charleston

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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.

Study On SCFCU

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Earn $45 for 30 minutes of your time. We are doing a study on this financial institution and wanted to invite cardholders to participate. Please fill out this form and we will contact you if you are eligible: . Thank you!

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.


Health Grade Components

NCUA #1022
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD5.61%
Annual Interest Income$65.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.83B$1.80B
LoansQ4 2019vs Q4 2018$1.47B$1.43B
DepositsQ4 2019vs Q4 2018$1.44B$1.36B
Equity CapitalQ4 2019vs Q4 2018$212.6MM$197.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$3.9MM$4.2MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$5.0MM$3.8MM
Real Estate OwnedQ4 2019vs Q4 2018$262.00K$20.00K
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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

1.06%*-$1kMY Savings
OTHER TIERS: 0.05% $1k+
0.15%$100-IRA Account
0.05%$150-Savings Account
0.05%$5-Christmas Club Account
0.05%$5-Kids Savings
0.05%$5-Teen Savings
0.05%$150-Business Savings Account

South Carolina Federal Credit Union Money Market Rates

0.30%*$100k*-Money Market Account
OTHER TIERS: 0.05% $1k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k
0.30%*$100k*-Business Money Market Account
OTHER TIERS: 0.05% $1k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k

South Carolina Federal Credit Union Checking Account Rates

0.30%*$100k*-Premier Business Checking
OTHER TIERS: 0.05% $250 - $25k | 0.10% $25k - $50k | 0.20% $50k - $100k
0.10%*$10k*-Premium Checking Account
OTHER TIERS: 0.05% $2.5k - $10k

South Carolina Federal Credit Union CD Rates

1.25%$500-60 Month Premium Checking Share Certificate
1.10%$50k-60 Month Jumbo Share Certificate
1.10%$50k-Business 60 Month Jumbo Share Certificate
1.00%$500-60 Month Share Certificate
1.00%$500-Business 60 Month Share Certificate
0.85%$50k-36 Month Jumbo Share Certificate
0.85%$50k-Business 36 Month Jumbo Share Certificate
0.75%$500-36 Month Share Certificate
0.75%$50k-36 Month Step-Up Jumbo Certificate
0.75%$500-Business 36 Month Share Certificate
0.75%$50k-Business 36 Month Step-Up Jumbo Certificate
0.70%$50k-24 Month Jumbo Share Certificate
0.70%$50k-Business 24 Month Jumbo Share Certificate
0.65%$500-36 Month Step-Up Share Certificate
0.65%$500-Business 36 Month Step-Up Share Certificate
0.60%$500-24 Month Share Certificate
0.60%$500-Business 24 Month Share Certificate
0.50%$50k-18 Month Jumbo Share Certificate
0.50%$50k-Business 18 Month Jumbo Share Certificate
0.40%$500-18 Month Share Certificate
0.40%$50k-12 Month Jumbo Share Certificate
0.40%$50k-Business 12 Month Jumbo Share Certificate
0.40%$500-Business 18 Month Share Certificate
0.30%$500-12 Month Share Certificate
0.30%$50k-6 Month Jumbo Share Certificate
0.30%$50k-Business 6 Month Jumbo Share Certificate
0.30%$500-Business 12 Month Share Certificate
0.25%$50k-3 Month Jumbo Share Certificate
0.25%$50k-Business 3 Month Jumbo Share Certificate
0.20%$500-6 Month Share Certificate
0.20%$500-Business 6 Month Share Certificate
0.15%$500-3 Month Share Certificate
0.15%$500-Business 3 Month Share Certificate

South Carolina Federal Credit Union IRA Rates

1.10%$50k-60 Month Jumbo IRA Certificate
1.00%$500-60 Month IRA Share Certificate
0.85%$50k-36 Month Jumbo IRA Certificate
0.75%$500-36 Month IRA Share Certificate
0.75%$50k-36 Month Step-Up Jumbo IRA Certificate
0.70%$50k-24 Month Jumbo IRA Certificate
0.65%$500-36 Month Step-Up IRA Share Certificate
0.60%$500-24 Month IRA Share Certificate
0.50%$50k-18 Month Jumbo IRA Certificate
0.40%$500-18 Month IRA Share Certificate
0.40%$50k-12 Month Jumbo IRA Certificate
0.30%$500-12 Month IRA Share Certificate
0.30%$50k-6 Month Jumbo IRA Certificate
0.25%$50k-3 Month Jumbo IRA Certificate
0.20%$500-6 Month IRA Share Certificate
0.15%$500-3 Month IRA Share Certificate


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