Credit union
South Carolina Federal Credit Union
North Charlesto, South Carolina, Charleston County, SC
$2.6B in total assets and 157,780 members, the 207th largest of 4,298 US credit unions and 2nd of 45 headquartered in South Carolina.
- NCUA charter
- 1022
- Charter
- Federal
- Chartered
- 1936
- NCUA insured since
- 1971
- Field of membership
- Multiple common bond - other
- Low-income designation
- Yes
- Website
- http://www.scfederal.org
At a glance
Compared with 8 federally insured credit unions in South Carolina with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $2.6B | 88% | $1.5B | |
| Loans | $2.0B | 88% | $987M | |
| Deposits (shares) | $2.1B | 88% | $1.2B | |
| Members | 157,780 | 75% | 106,872 | |
| Return on assets | 0.99% | 25% | 1.39% | |
| Net interest income to assets | 4.25% | 62% | 3.85% | |
| Efficiency ratio | 80.0% | 75% | 64.8% | |
| Net worth ratio | 13.34% | 25% | 13.68% | |
| Loans to shares | 93% | 75% | 80% | |
| Cost of deposits | 0.48% | 2% | 1.35% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 5.6% a year over 10 years and 2.0% a year over the last 5, including 6 mergers in the last 10 years. Membership fell 1.4% a year over 5 years, to 157,780.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Apr 2022 | G.H.S. Federal Credit Union Credit union, Greenville, SC | $58M |
| Nov 2020 | Charleston County Teachers Federal Credit Union Credit union, Charleston, SC | $2M |
| Aug 2020 | Spartanburg City Employees Credit Union Credit union, Spartanburg, SC | $7M |
| Mar 2020 | Health Facilities Federal Credit Union Credit union, Florence, SC | $31M |
| Feb 2019 | Spartan Federal Credit Union Credit union, Spartanburg, SC | $18M |
| Sep 2016 | Florence Dupont Employees Federal Credit Union Credit union, Florence, SC | $36M |
Where they operate
33 branches in 10 counties.
1 of 33 branch locations are approximate (ZIP code centers).
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Charleston County, SC | 11 | 6.7% | 4 of 42 |
| Berkeley County, SC | 5 | 8.9% | 2 of 26 |
| Greenville County, SC | 5 | 2.4% | 12 of 54 |
| Florence County, SC | 3 | 5.4% | 7 of 27 |
| Dorchester County, SC | 2 | 4.4% | 8 of 25 |
| Lexington County, SC | 2 | 2.3% | 14 of 31 |
| Richland County, SC | 2 | 1.5% | 20 of 40 |
| Georgetown County, SC | 1 | 3.3% | 10 of 15 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 20 | |
| 2017 | 21 | +1 |
| 2018 | 22 | +1 |
| 2019 | 23 | +1 |
| 2020 | 24 | +1 |
| 2021 | 27 | +3 |
| 2022 | 32 | +5 |
| 2023 | 33 | +1 |
| 2024 | 33 | 0 |
| 2025 | 33 | 0 |
| Jun 2026 | 33 | 0 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 0.60% | 0.71% |
| Net worth ratio | 13.34% | 13.68% |
| Loans to shares | 93% | 80% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in South Carolina
Most branches in Charleston County, SC
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.