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Overview / Commentary
515 3rd Ave Ste 200
South Charleston, WV 25303

South Charleston Employees Federal Credit Union is headquartered in South Charleston and is the 36th largest credit union in the state of West Virginia. It is also the 3,498th largest credit union in the nation. It was established in 1965 and as of December of 2016, it had grown to 2 employees and 1,374 members at 1 location. South Charleston Employees Federal Credit Union has a B health rating.

Reviews (1)

Don't Use Them If Your Looking To Raise Your Credit Score, They Don't Report On Time Payments, Just The Ones You Miss.

Posted by: Anonymous | May 25, 2011

I got a new car loan from them because they had good rates. I couldn't wait to watch my credit score grow with this new car loan. After about a year of not missing any payments I checked my credit score to see how much it had grown, and to my amazement it had not budged. I called them and they said that they did not report loan payments to any of the credit bureaus. I was furious and still am. I have not missed one payment in six years and my credit score has not budged any. What a waste of time and effort. I bet if I missed a payment or two they sure as heck would report it to the credit bureaus. I don't know why they don't do this like a normal banking institution, but it just seems like laziness towards members. And now they messed up my automatic electronic payment account that hasn't changed in the pass 6 years, and they're trying to say that I changed my account or something and my payment is going to be late, and I'll be charged a fee and a bad credit status. This is their fault, I guess they hit the wrong key on their keyboard. After this loan is payed, I'm wiping my hands clean of them.

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. South Charleston Employees Federal Credit Union has a low asset base.

Health Grade Components

NCUA #16989
Year Chartered1965
Primary Regulator
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD1.9%
Annual Interest Income$595.00K
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$18.8MM$19.3MM
LoansQ4 2016vs Q4 2015$5.7MM$5.4MM
DepositsQ4 2016vs Q4 2015$11.1MM$11.7MM
Equity CapitalQ4 2016vs Q4 2015$7.7MM$7.5MM
Loan Loss AllowanceQ4 2016vs Q4 2015$24.00K$23.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$128.00K$124.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0

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South Charleston Employees Federal Credit Union Locations
Branch Office515 3rd Ave Ste 200South Charleston, WV 25303