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South Carolina Federal Credit Union Announces New CUSO

Tuesday, May 17, 2011

(N. CHARLESTON, S.C.) – May 17, 2011 – South Carolina Federal Credit Union announced a new credit union service organization (CUSO) called South Carolina Financial Solutions, LLC. The new CUSO began offering products and services May 2.

South Carolina Federal’s Chief Information Officer Bonnie Ciuffo will also serve as President of the CUSO--South Carolina Financial Solutions, LLC.

“South Carolina Financial Solutions, LLC will provide our members with additional products and services that we haven’t had the opportunity to offer before,” said Bonnie Ciuffo, President, South Carolina Financial Solutions, LLC. “We’re looking forward to providing this as another member benefit.” South Carolina Financial Solutions, LLC will offer a variety of products and services.

The initial offerings will include insurance solutions such as vision and dental plans. Additional products and services, including Medicare supplements and life insurance, will be added in the coming months.

CUSOs allow credit unions to conduct business that would otherwise be restricted due to regulatory constraints and it offers the option for a credit union to offer products and services to other credit unions.

Photo Caption:  Bonnie Ciuffo, President, South Carolina Financial Solutions, LLC and Chief Information Officer, South Carolina Federal Credit Union.
 
About South Carolina Federal
South Carolina Federal Credit Union is headquartered in North Charleston. More than 144,000 members own and belong to the not-for-profit financial cooperative, which has over $1.3 billion in assets. South Carolina Federal is a community-chartered credit union. Anyone who lives, works, worships or attends school in Berkeley, Charleston, Dorchester or Georgetown counties, and most of the Columbia area, is eligible to join. South Carolina Federal has 17 branches, and more than 75 ATMs throughout Charleston, Columbia and Georgetown. In 2008, South Carolina Federal, for the second consecutive year, was voted one of the Best Places to Work in the state. More information about South Carolina Federal can be found at scfederal.org or on the SiMPLE CENTS blog at simplecentsblog.org.

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Contact:
Jessica Jackson
VP-Corporate Communications
South Carolina Federal Credit Union
843-569-4359 (office)
scfederal.org



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