Work-in-progress version of SherPa. Work-in-progress version of SherPa.
South Carolina
Last updated on 2014-02-01
General
not credit union specific
- Officer Loan Status
- Okay if authorized by bylaws and either board determines it will benefit corp, or with majority approval of all classes of members
- Officer Loan Comment
- See official note and South Carolina Reporter's comments
- Officer Loan Statute
- S.C. Code § 33-31-832(a)
Credit Union Information
- Split Dollar Process
- Allowed
- Split Dollar Comment
- Amend bylaws if necessary
- Parity Process
- Allowed
- Parity Comment
- Reviewed on exam, but amend bylaws if necessary
- Parity Statute
- —
- Alternative To Parity Request
- —
- CDA Status
- Pre-approval needed
- CDA Comment
- Okay, but must notify and must follow NCUA regs (12 CFR 721.3)
- Director Compensation Status
- No comp, insurance ok
- Director Compensation Statute
- S.C. Code Ann. § 34-26-620
- Credit Union Regulator
State Chartered Credit Unions
8 credit unions chartered in South Carolina
| Name | Charter Number | CEO | Total Assets | Net Worth | CA SD | Concentration |
|---|---|---|---|---|---|---|
| SPC | 60686 | Linda Weatherford | $243,324,320 | $20,583,179 | $0 | 0% |
| SOUTH CAROLINA METHODIST CONF | 60715 | Talmadge Cox | $5,321,672 | $466,695 | $0 | 0% |
| MID CAROLINA | 60735 | William Conley | $170,488,732 | $19,222,952 | $0 | 0% |
| SANTEE COOPER CREDIT UNION | 60745 | Melynda Champion | $77,674,930 | $8,432,478 | $0 | 0% |
| GEORGETOWN KRAFT | 60791 | Kevin Owens | $170,795,784 | $22,139,661 | $0 | 0% |
| NUCOR EMPLOYEE'S | 61028 | Paul Chappell | $64,646,775 | $7,452,930 | $0 | 0% |
| COLUMBIA POST OFFICE | 61065 | James Lattimore | $37,729,301 | $5,228,342 | $0 | 0% |
| PALMETTO HEALTH | 61260 | Hansel Hart | $97,854,936 | $14,979,796 | $0 | 0% |