About Us

Why South Carolina Federal?

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South Carolina Federal exists solely to serve our members, not stockholders.
That means every dollar you invest in South Carolina Federal is reinvested in you.

South Carolina Federal Credit Union offers a full range of financial services including savings and investments, checking, credit cards and loans. We offer a personable environment, with convenience unsurpassed in our area. Our team's entire focus is on personally providing the products, services, tools and forward thinking that allow members to focus on making their lives more satisfying.

Credit union membership is ownership. We are member-owned and exist only for the financial benefit of our membership. As a result, South Carolina Federal is able to pay competitive dividends on savings and offer attractive interest rates on loans. Find out about the Credit Union Difference.

As a federally chartered credit union, organized under strict regulatory laws, our operations are monitored and enforced by the National Credit Union Administration, an agency of the U.S. Government. Your deposits are federally insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration (NCUA). For more information on share insurance, click here.

Voted Best Of Awards

Better Than Bank Rates

24 Hours

Access your account 24/7

State-of-the Art Security

You're a Member, and Member = Owner.

You Can Join

Join South Carolina Federal Member through family relationships, employers, geographic areas, or military or member associations.
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Compare the Difference

Banks are for profit, credit unions are member-owned. When the credit union earns income, it is invested back into the organization.
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History of South Carolina Federal Credit Union

  • 1936   Chartered as Charleston Navy Yard Employees Federal Credit Union
  • 1960   Changed name to Charleston Naval Shipyard (CNS) Federal Credit Union when membership was expanded to Navy personnel in the Navy Yard
  • 1965   First credit union in the state with our own facility at the Shipyard in North Charleston
  • 1974   Only credit union in South Carolina providing monthly statements and processing transactions with same-day receipts
  • 1976   Opened our second branch, Naval Weapons Station, at the corner of Redbank and Jefferson.
  • 1979   Opened a 5-story headquarters and operations building at 2175 Credit Union Lane, North Charleston
  • 1981   Opened our first ATM. By 1984 there were 14 SC Federal ATMs throughout the Charleston area
  • 1984   Expanded credit union services to Columbia
  • 1989   Hurricane Hugo disrupted the lives of many members. The credit union forgave $83,000 in returned check fees and another $46,000 in service charges to assist those members in time of need
  • 1994   Changed name to South Carolina Federal Credit Union to better represent service area
  • 1997   Expanded credit union services to Georgetown
  • 2000   Established new Online Banking available to members free of charge
  • 2004   Reached 1 billion dollars in assets
  • 2004   Expanded Mount Pleasant area service to two financial centers
  • 2007   Launched financial services solutions for businesses
  • 2007   Named one of the Best Places to Work in South Carolina for the first time
  • 2009   Opened new state-of-the-art operations center at 6265 Rivers Avenue, North Charleston
  • 2010   Introduction of the South Carolina Federal Credit Union scholarship
  • 2011   Expanded West Ashley area service with a new financial center
  • 2012   Beginning of the South Carolina Federal Foundation to streamline employee charitable giving
  • 2013   South Carolina Federal named "Best Financial Institution" by Charleston City Paper
  • 2015   Launched Bank at Work, an onsite-banking program for participating employers
  • 2016   Celebrated the credit union's 80th Anniversary
  • 2016   Reached 1.5 billion dollars in assets
  • 2017   Expansion to the Florence area began with two new financial centers
  • 2018   Expanded scholarship awards to $50,000 and included technical as well as traditional universities
  • 2019   Expanded credit union services to Spartanburg and Lexington
  • 2020   Reached $2 billion in assets
  • 2021   Celebrated the credit union's 85th Anniversary
  • 2022   Expanded credit union services to Greenville

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