REGULATING AGENCY: South Carolina Board of Financial Institutions; Office of the Commissioner of Banking
- Kathy Bickham, Commissioner
- Website: bofi.sc.gov
LEAGUE: Carolinas Credit Union League
- Dan Schline, President / CEO
- Website: carolinasleague.org
PRIVATE SHARE INSURANCE: No
- Largest SCU: SPC CU $243.5M in assets
- Largest FCU: FOUNDERS FCU $4.20B in assets
|Second Quarter 2023||SCUs||FCUs||Total CUs||% of SCUs/Total|
|Total Credit Unions||8||39||47||17.02%|
|Credit Union Members||83,173||1.61M||1.70M||4.90%|
|Credit Union Assets||$868.92M||$21.41B||$22.28B||3.90%|
Campbell’s Covered Bridge, built-in 1909, is the only covered bridge that remains in the state. And The first tea farm in the United States was started in 1890 near Summerville, South Carolina.
Nov. 3, 2023 – The National Association of State Credit Union Supervisors (NASCUS) is proud to announce that the South Carolina Board of Financial Institutions; Office of the Commissioner of Banking has earned Accreditation following a series of in-depth reviews and assessments by a panel of veteran state supervisors.
“I am very proud that we have been accredited by NASCUS,” said Commissioner of Banking Kathy Bickham. “Our team works very hard to supervise the State-chartered credit unions in South Carolina, and being accredited confirms that we have the ability and resources to effectively carry out our regulatory and supervisory duties. Having an independent team of experts to review our processes and procedures, compare them to industry standards and best practices, and give us feedback is very helpful, and we appreciate the work of the accreditation team.” Read more
Click here to take a look at the stories that have been collected over the years in South Carolina.
What’s new in your state?
Click here to submit your state-chartered credit union news stories to NASCUS today!