N. Charleston, S.C. – 1/11/2022
South Carolina Federal Credit Union is pleased to announce its upcoming merger with G.H.S. Federal Credit Union after an affirmative member vote concluded on December 8, 2021.After the merger is complete on April 30, 2022, existing G.H.S. Federal branches will become South Carolina Federal locations, and all G.H.S. Federal employees will remain on staff.
After the merger is final, G.H.S. Federal members will have access to 55,000 surcharge-free ATMs and 25 financial centers across South Carolina, as well as a range of new products and services: mortgage loans, enhanced credit cards, business accounts and expanded Online and Mobile Banking. Members will also benefit from investment and retirement services from South Carolina Federal Investment Solutions, through CFS*, and insurance products from South Carolina Federal Insurance Solutions**.
"Greenville is an incredible city that has experienced significant growth in a relatively short period of time," said Scott Woods, President and CEO of South Carolina Federal. "We are thrilled to be planting roots in Greenville and are looking forward to welcoming G.H.S. members into our credit union family.”
Members who have questions about the merger are encouraged to call 800-845-0432 between 8 a.m. and 6 p.m. Monday through Friday.
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. CUSO Financial Services, L.P. and its representatives do not provide tax advice. For such advice, please contact a tax professional. Before deciding whether to retain assets in an employer sponsored plan or roll over to an IRA an investor should consider various factors including, but not limited to: investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.
**The insurance products available through South Carolina Financial Solutions, LLC, a licensed insurance agency doing business as South Carolina Federal Insurance Solutions, a wholly-owned subsidiary of South Carolina Federal Credit Union, are underwritten through and provided by insurance companies authorized, licensed, or enabled to provide coverages in the jurisdictions where such coverage is offered. South Carolina Federal Insurance Solutions acts only in the capacity of an agent or broker in obtaining such coverage. In all instances where a discrepancy might arise between informational, advertising, and/or marketing material and the actual policy issued by the insurance company, the terms and conditions contained within such policies will always take precedence. South Carolina Financial Solutions, LLC and South Carolina Federal Insurance Solutions™ do not offer tax or legal advice. Consult your tax or legal professional for advice.