Spc Credit Union

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

EIN: 576020340 ✦ Hartsville, SC ✦ Designated as a 501(c)(14)

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 not tax deductible.

Here 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:

    Linda Weatherford (President/Ce)
  • Compensation: $173,703
  • Related: $0
  • Other: $0

    • Billy Byrd (Cfo)
  • Compensation: $134,857
  • Related: $0
  • Other: $0

    • Latasha Cooper (Vp Lending)
  • Compensation: $106,244
  • Related: $0
  • Other: $0

    • Thomas Beasley (Cio)
  • Compensation: $102,091
  • Related: $0
  • Other: $0

    • Jenny Morrell (Vp Branch Op)
  • Compensation: $101,233
  • Related: $0
  • Other: $0

    • Jerry Cheatham (Vice Chairma) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Cook (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peggi Davis (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jimmy Shelley (Secretary/Tr) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Helen Sherrill (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sylvester Wilson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Travis Walters (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.spccu.org

    Where can I find the form 990 for Spc Credit Union?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    SPC Credit Union, a state chartered credit union based in Hartsville, SC, has a significant impact on its members and the community. By providing loans at reasonable rates and paying interest on deposits, SPC Credit Union helps its members achieve their financial goals and manage their finances effectively. This contributes to economic stability and growth in the local area and promotes financial inclusion by offering accessible and affordable financial services to a diverse membership base. Ultimately, SPC Credit Union plays a vital role in improving the financial well-being of individuals and families in Hartsville and surrounding areas.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Linda Weatherford

    Main Address

    PO BOX 1355, HARTSVILLE, SC, 29551

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Spc Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.