(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.
- Frank Rivers, President of G.H.S. Federal
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.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. South Carolina Federal Credit Union and South Carolina Federal Investment Solutions are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using South Carolina Federal Investment Solutions, and may be employees of South Carolina Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, South Carolina Federal Credit Union or South Carolina Federal Investment Solutions. Securities and insurance offered through LPL or its affiliates are:
Not Insured by NCUA or Any Other Government Agency | Not Credit Union Guaranteed | Not Credit Union Deposits or Obligations | May Lose Value |
South Carolina Federal Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.
LPL Financial CRS Form
Information provided should not be construed as tax advice. Please consult a tax professional.