Berkeley Chamber of Commerce News

South Carolina Federal Credit Union Receives Regulatory Approval to Expand

Posted by Berkeley Chamber of Commerce on September 15, 2016 in Announcements , Opportunities
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South Carolina Federal Credit Union Receives Regulatory Approval to Expand(N. CHARLESTON, S.C.) – 9/15/2016 – South Carolina Federal Credit Union, the Lowcountry’s oldest and largest locally owned financial institution, is pleased to announce expansion plans for 2016 and beyond.

The $1.5 billion North Charleston based credit union has received regulatory approval to serve individuals and small businesses in Florence and Myrtle Beach, as well as seven counties in the Pee Dee area.

“This is a tremendous opportunity to provide greater access to products and services to people in the Pee Dee and Grand Strand regions,” said Scott Woods, President & CEO of South Carolina Federal, “and to strengthen our commitment to the state of South Carolina. We understand the value of being local and are privileged to now extend those benefits by growing the South Carolina Federal family.  We look forward to extending our operations into these new markets.”

For more information, visit scfederal.org.

About South Carolina Federal

South Carolina Federal Credit Union is headquartered in North Charleston.  More than 150,000 members own and belong to the not-for-profit financial cooperative, which has over $1.5 billion in assets. South Carolina Federal is a community-chartered credit union. Anyone who lives, works, worships or attends school in Berkeley, Charleston, Dorchester, Calhoun, Orangeburg or Georgetown counties, and most of the Columbia area, is eligible to join.  South Carolina Federal has 17 financial centers and access to over 50,000 ATMs through the Allpoint network. More information about South Carolina Federal can be found at scfederal.org.

South Carolina Federal Credit Union Receives Regulatory Approval to Expand