Overview
What is Spc Credit Union?
SPC Credit Union, established in Hartsville, South Carolina, functions as a state-chartered financial institution. Its primary mission involves offering members affordable loan options and generating returns through the payment of interest on deposits. By doing so, SPC Credit Union serves as a valuable resource for its community.
Official website here: www.spccu.org
Is Spc Credit Union legitimate?
Spc Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Spc 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: $3,720,333
For more financial information, click here
Official website here: www.spccu.org
What is the mission statement of Spc Credit Union?
Spc Credit Union is a financial institution that functions as a not-for-profit cooperative. Its primary mission is to offer competitive loans to its members at reasonable rates. In addition, the credit union returns earnings to its members in the form of interest on their deposits. By doing so, it provides financial services that cater to the financial needs of its members. The credit union's operations aim to create a sustainable financial ecosystem for its community. It strives to make financial services more accessible and affordable to its members. Furthermore, the credit union's mission is geared towards fostering financial stability and growth for its members.
Official website here: www.spccu.org
Who is the CEO of Spc Credit Union?
Linda Weatherford is the President/Ce of Spc Credit Union.
Official website here: www.spccu.org
What is the revenue of Spc Credit Union?
Spc Credit Union's revenue in 2022 was $13,550,656.
Official website here: www.spccu.org
Who are the executives of Spc Credit Union and what are their salaries?
The average compensation at Spc Credit Union during 2022 was $42,762. There are 87 employees at Spc Credit Union.
Here are 12 key members and their salaries:
- Compensation: $173,703
- Related: $0
- Other: $0
- Compensation: $134,857
- Related: $0
- Other: $0
- Compensation: $106,244
- Related: $0
- Other: $0
- Compensation: $102,091
- Related: $0
- Other: $0
- Compensation: $101,233
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.spccu.org
Where can I find the form 990 for Spc Credit Union?
Spc Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spccu.org
Learn more at the official website: www.spccu.org
Mission Statement of Spc Credit Union
SPC Credit Union, a state-chartered financial institution, is dedicated to offering its members accessible and reasonably priced loans, while providing interest on their deposits. Founded in South Carolina, SPC Credit Union embodies a mission to serve its community by promoting financial well-being among its members.
The cooperative credit union provides an essential financial service to its members, ensuring they have the means to secure loans when needed. By offering loans at reasonable rates, SPC Credit Union empowers its members to navigate life's financial challenges, from unexpected expenses to major purchases. In addition, the credit union returns value to its members by paying interest on their savings deposits, enabling them to grow their financial assets over time.
Moreover, SPC Credit Union plays an essential role in the financial lives of its members by fostering a strong sense of community and cooperation. By operating as a not-for-profit financial cooperative, the credit union prioritizes the needs and interests of its members above all else, putting people first in its financial services. SPC Credit Union's commitment to its members and its community sets it apart as a trusted and valuable resource for financial assistance.
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Impact
October, 2024
SPC Credit Union plays a significant role in the Hartsville, SC community by offering financial services that empower its members. As a state chartered credit union, it provides loans at reasonable rates, making it easier for individuals and families to access funds for various needs, whether it be for education, home improvement, or unexpected expenses.
Additionally, SPC Credit Union fosters savings by paying interest on deposits, encouraging members to build financial stability. This dual focus on lending and saving not only supports individual financial wellness but also contributes to the overall economic wellbeing of the community. By prioritizing the public benefit, SPC Credit Union helps create a more secure and financially literate community, enhancing the quality of life for its members and the broader Hartsville area.
This information is meant to be a general summary of Spc 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $834,652
- Program Service Revenue: $12,591,004
- Gross Receipts: $13,550,656
Assets and Liabilities:
- Total Assets: $243,239,953
- Total Liabilities: $226,517,822
- Net Assets: $16,722,131
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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
$7,243,066
FEES AND SERVICE CHARGES
Revenue
$3,099,556
OTHER
Revenue
$2,248,382
Organization Details
Founding Year
1941
Phone
(843) 383-0090Principal Officer
Linda Weatherford
Main Address
PO BOX 1355, HARTSVILLE, SC, 29551
Website
www.spccu.orgNTEE Category
Code: W60 - Public benefit
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