REGULATING AGENCY: South Carolina Board of Financial Institutions; Office of the Commissioner of Banking
- Rick Green, Commissioner
- Kathy Bickham, Deputy Commissioner
- Website: bofi.sc.gov
LEAGUE: Carolinas Credit Union League
PRIVATE SHARE INSURANCE: No
STATS: (As of June 2021)
Total Number of Credit Unions: 54
- TOTAL # SCUs: 9
- TOTAL # FCUs: 45
- SCU % OF TOTAL (SCUS #/STATE TOTAL #): 17%
Total Assets: $20,057,245,346
- TOTAL $ SCU ASSETS: $819,479,422
- TOTAL $ FCU ASSETS: $19,237,765,924
- SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 4%
Total Members: 1,656,622
- TOTAL Members SCUs: 83,486
- TOTAL Members FCUs: 1,573,136
- SCU % OF TOTAL (SCUS/STATE TOAL): 5%
FUN FACT: The Angel Oak Tree, located near Charleston, is estimated to be one of the oldest living things in the country. It produces a shadow that covers about 17,000 square feet.
June 29, 2021 – In this limited article series, the Carolinas Credit Union League highlights the six challenges identified in the CUNA Small Credit Union Committee’s “State of Small Credit Unions Today” white paper, sharing the committee’s recommended solutions and where the League, Carolinas Foundation, and others are working to bring those solutions to fruition.
In our first installment, we took a closer look at small credit unions’ challenge in keeping up with technology demands and where the Carolinas Credit Union Foundation’s new grant program is aiding in this need. Now, we take a look at Challenge 2: Board Leadership and Engagement.
Click here to take a look at the stories that have been collected over the years in South Carolina.
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