Santee Cooper Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 570379898 ✦ Moncks corner, SC ✦ Designated as a 501(c)(14)

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Overview

What is Santee Cooper Credit Union?

Santee Cooper Credit Union is a state-chartered financial institution, located in Moncks Corner, South Carolina. Its primary purpose is to serve as a reliable savings option for its members, enabling them to save systematically and earn a competitive return on their investments. Additionally, the credit union acts as a source of financial assistance, offering affordable and reasonable loans to qualified members to help them meet their consumer and financial needs. With a total of 24 employees, Santee Cooper Credit Union plays a significant role in supporting the financial well-being of its members.


Official website here: www.santeecoopercreditunion.com

Is Santee Cooper Credit Union legitimate?

Santee Cooper Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Santee Cooper Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $980,620

For more financial information, click here


Official website here: www.santeecoopercreditunion.com

What is the mission statement of Santee Cooper Credit Union?

Santee Cooper Credit Union serves as a state-chartered financial institution, catering to the savings and loan requirements of its members. Its primary objectives include providing a secure deposit facility where individuals can engage in a systematic savings plan, earning a competitive interest rate. Additionally, the credit union acts as a source of financial aid, offering reasonable and affordable loans to qualified members to assist them in addressing their consumer and financial needs. By doing so, Santee Cooper Credit Union aims to contribute positively to the financial well-being of its members.


Official website here: www.santeecoopercreditunion.com

Who is the CEO of Santee Cooper Credit Union?

Melynda Ciochetti Champion is the President/Ce of Santee Cooper Credit Union.


Official website here: www.santeecoopercreditunion.com

What is the revenue of Santee Cooper Credit Union?

Santee Cooper Credit Union's revenue in 2022 was $3,214,849.


Official website here: www.santeecoopercreditunion.com

Who are the executives of Santee Cooper Credit Union and what are their salaries?

The average compensation at Santee Cooper Credit Union during 2022 was $40,859. There are 24 employees at Santee Cooper Credit Union.


Here are 11 key members and their salaries:


Melynda Ciochetti Champion (President/Ce)
  • Compensation: $162,260
  • Related: $0
  • Other: $21,048
Rhonda Rosenberger (Vice Preside)
  • Compensation: $104,387
  • Related: $0
  • Other: $3,398
William K Barlow (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tajaiva Bess (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosa Lee Deavers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Finn (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vernon Hardee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denny Thompson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Whaley (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brittany White (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Wilson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.santeecoopercreditunion.com

Where can I find the form 990 for Santee Cooper Credit Union?

Santee Cooper Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.santeecoopercreditunion.com

Learn more at the official website: www.santeecoopercreditunion.com

Mission Statement of Santee Cooper Credit Union

Santee Cooper Credit Union, a state-chartered institution, serves its members with two primary objectives. Firstly, it offers a convenient depository for its members' funds, enabling them to engage in a systematic savings plan and enjoy a competitive rate of return. Secondly, the credit union acts as a source of financial assistance, providing reasonable and affordable loans to qualified members to aid them in meeting their consumer and financial needs. By fulfilling these needs, Santee Cooper Credit Union aims to contribute positively to the financial well-being of its members.

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Impact




October, 2024

Santee Cooper Credit Union plays a vital role in the financial well-being of its members in Moncks Corner, SC. By providing a secure and convenient place for individuals to deposit their funds, the credit union fosters a culture of savings, enabling members to build their financial resources systematically while earning competitive returns.

Additionally, Santee Cooper Credit Union addresses the financial needs of its members by offering reasonable and affordable loans. This support allows individuals to meet various consumer needs, alleviating financial stress and promoting economic stability within the community. Overall, the credit union significantly contributes to the financial empowerment and security of its members, enhancing the overall quality of life in the area.




This information is meant to be a general summary of Santee Cooper Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,214,849 (2022)
Expenses
$2,418,303 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $318,114
  • Program Service Revenue: $1,963,655
  • Gross Receipts: $3,214,849

Assets and Liabilities:

  • Total Assets: $78,167,946
  • Total Liabilities: $69,029,140
  • Net Assets: $9,138,806

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$1,963,655

Organization Details

Founding Year

1953

Principal Officer

Melynda Ciochetti Champion

Main Address

612 REMBERT C DENNIS BLVD, MONCKS CORNER, SC, 29461

NTEE Category

Code: W60 - Public benefit

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