2024-06-03T12:59:18-04:00 2023-12-31 570568919 CANTEY TILLER PIERCE & GREEN LLP PO BOX 862 CAMDEN SC 29021 990 2023-01-01 576020340 SPC CREDIT UNION SPCC 8433830090 PO BOX 1355 HARTSVILLE SC 29551 LINDA WEATHERFORD PRESIDENT/CEO 8433830090 2024-06-03 true LINDA WEATHERFORD XXX-XX-XXXX false JANET M PIERCE P00498837 8034321436 2024-06-03 2023 2023-04-26 12:10:37Z LINDA WEATHERFORD PO BOX 1355 HARTSVILLE SC 29551 15750567 false X WWW.SPCCU.ORG X 1941 SC STATE CHARTERED CREDIT UNION 7 7 90 0 125000 0 12591004 15076699 834652 673868 0 13550656 15750567 0 0 4370261 4812492 0 0 7231504 9355664 11601765 14168156 1948891 1582411 243239953 239331326 226517822 221525105 16722131 17806221 STATE CHARTERED CREDIT UNION false false 13650780 DURING THE YEAR, THE CREDIT UNION SERVED ITS' MEMBERS BY PROVIDING LOANS AT REASONABLE RATES. IT ALSO ACCEPTED DEPOSITS AND PAID REASONABLE RATES OF INTEREST ON THOSE DEPOSITS. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND 13650780 false false false false false false false true false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 3816 0 false 90 true false false false false false false false false false false false false false false false false false X 7 7 false false false false true true false true true false false false true false true false true true true false X BILLY BYRD 8433830090 PO BOX 1355 HARTSVILLE SC 29551 LINDA WEATHERFORD PRESIDENT/CE 40.00 X 182290 0 0 BILLY BYRD CFO 40.00 X 139587 0 0 LATASHA COOPER VP LENDING 40.00 X 112958 0 0 THOMAS BEASLEY CIO 40.00 X 107816 0 0 ELAINE S HUNGERPILLER VP HR 40.00 X 102282 0 0 JERRY CHEATHAM VICE CHAIRMA 1.00 X 0 0 0 RICHARD COOK BOARD MEMBER 1.00 X 0 0 0 PEGGI DAVIS BOARD MEMBER 1.00 X 0 0 0 JIMMY SHELLEY SECRETARY/TR 1.00 X 0 0 0 HELEN SHERRILL BOARD MEMBER 1.00 X 0 0 0 SYLVESTER WILSON BOARD MEMBER 1.00 X 0 0 0 TRAVIS WALTERS CHAIRMAN 1.00 X 0 0 0 644933 5 false true false INTEREST ON LOANS 522291 9541703 9541703 FEES AND SERVICE CHARGES 522100 3158269 3158269 OTHER 522100 2376727 2376727 15076699 673868 172654 501214 15750567 15249353 501214 3847951 3463155 384796 325396 292856 32540 348162 313346 34816 290983 261885 29098 19134 19134 74854 74854 17404 17404 19969 19969 226503 226503 1191123 1191123 361257 325131 36126 82508 82508 761742 761742 613157 613157 MEMBER SERVICES 4345080 4345080 PROVISION FOR LOAN LOSS 1254385 1254385 OTHER INT EXPENSE 153880 153880 OTHER OPERATING EXPENSE 140774 140774 93894 93894 14168156 13650780 517376 0 10611407 13200994 20934471 6184123 163333986 173780769 17422564 10726704 5632741 6695860 24902457 21473027 17824891 17996553 243239953 239331326 3694457 7164626 159649 167291 10000000 222663716 204193188 226517822 221525105 X 16722131 17806221 16722131 17806221 243239953 239331326 X 1582411 -498321 X false false false true X 2096278 2096278 9209366 6972358 2237008 6116920 3754346 2362574 6695860 OTHER ASSETS 17505156 ACCRUED INTEREST 491397 17996553 SHARES 204193188 204193188 15750567 15750567 15750567 14168156 14168156 14168156 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION HOLDS ESCROW ACCOUNTS FOR FIRST MORTGAGES (THIRD PARTY AND IN-HOUSE). THE CREDIT UNION PAYS FOR THE SERVICE. false false false LINDA WEATHERFORD PRESIDENT/CEO 182290 182290 FORM 990, PAGE 6, PART VI, LINE 6 SPC CREDIT UNION'S FIELD OF MEMBERSHIP INCLUDES ANYONE WHO LIVES, WORKS OR ATTENDS SCHOOL IN DARLINGTON, FLORENCE, MARLBORO OR CHESTERFIELD COUNTIES. SPC ALSO SERVES EMPLOYEE GROUPS IN THE HARTSVILLE, DARLINGTON AND BENNETTSVILLE AREA, AS WELL AS THE EMPLOYEES OF SONOCO PRODUCTS COMPANY AND ITS AFFILIATES THROUGHOUT THE UNITED STATES. IN ADDITION, ANY PERSON RELATED BY BLOOD OR MARRIAGE TO A CURRENT SPC MEMBER, REGARDLESS OF EMPLOYMENT OR RESIDENCE, MAY JOIN THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A AT THE CREDIT UNION'S ANNUAL MEETINGS, THE MEMBERSHIP ELECTS THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION REVIEWS THE FORM 990 TO ENSURE THAT THERE ARE NO OMISSIONS OR MISSTATEMENTS. FORM 990, PAGE 6, PART VI, LINE 12C THE POLICY IS REVIEWED AND UPDATED ANNUALLY TO ENSURE COMPLIANCE. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION COMMITTEE ALONG WITH THE BOARD OF DIRECTORS APPROVE THE CEO'S, VICE PRESIDENT'S AND THE CFO'S SALARIES. FORM 990, PAGE 6, PART VI, LINE 15B EMPLOYEES ARE GIVEN EVALUATIONS BEFORE THEY RECEIVE SALARY INCREASES. THESE INCREASES ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PERSONS MAY COME INTO ONE OF THE CREDIT UNION'S BRANCHES AND REQUEST A COPY OF ANY OF OUR GOVERNING DOCUMENTS. SOME DOCUMENTS ARE POSTED IN THE BRANCH LOBBIES. FORM 990, PART XI, LINE 9 CHANGE IN OCI 315,092 ONE TIME CECL ADJUSTMENT -813,413 TOTAL -498,321