HOPESOUTH Credit Union Profile

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HOPESOUTH

Charter #20824 | NCUA Region 2 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (864) 366-9602

Fax: (864) 366-8318

Founding Date: N/A

Website: http://www.hopesouth.org

Personnel & Operations

President: Sears, Shannon

Manager: Crocker, Faye

FT Employees: 9

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 2

Hours: Monday 8:00 to 5:00 Tuesday 8:

Credit Union Profile Summary

HOPESOUTH is a FCU Credit Union. With a total of 3,755 members [1], this institution manages approximately $37,070,541 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 25.75% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 9.01% [1].

Financial Snapshot

Total Assets [1]
$37,070,541

Total economic resources.

Total Loans [1]
$15,488,475

Total value of outstanding loans.

Total Deposits [1]
$27,042,252

Total funds deposited by members.

Members [1]
3,755

Number of active members.

Performance Ratios

Net Worth Ratio [1]
25.75%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
2.11%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
57.28%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 8.45%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 9.01%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↑ 5.66%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

807 W Greenwood St

Abbeville, SC, 29620-2552
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 2 branches reported by HOPESOUTH (Charter #20824).

Main Office

Main Branch Main Office

Type: Corporate Office

807 W Greenwood St

Abbeville, SC 29620-2552

Phone: (864) 366-9602

Services: Member Services, Drive-Thru

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Additional Branches

Abbeville

Drive-Up Branch

Type: Branch Office

536 W Greenwood St

Abbeville, SC 29620

Phone: (864) 366-9602

Services: ATM

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