Civic Intelligence

Santee Cooper Credit Union

990 • Fiscal year 2016 • EIN 57-0379898

Jan 01, 2016 to Dec 31, 2016 • Filed on May 12, 2017

612 Rembert C Dennis BlvdMoncks Corner, SC 29461

(843) 761-4001

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.90x

Higher debt load relative to assets than 68% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

41st percentile

19.05x

Higher debt load relative to revenue than 41% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Net Margin

82nd percentile

15%

Higher net margin than 82% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Asset Growth

14th percentile

-1.0%

Faster asset growth than 14% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

40th percentile

1.7%

Faster revenue growth than 40% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Down

$49,023,765

Down $507,614 (-1.0%) from 2015

Net Assets

Up

$5,037,752

Up $342,138 (+7.3%) from 2015

Liabilities

Down

$43,986,013

Down $849,752 (-1.9%) from 2015

Revenue

Up

$2,309,330

Up $38,423 (+1.7%) from 2015

Expenses

Up

$1,967,192

Up $84,668 (+4.5%) from 2015

Net Income

Down

$342,138

Down $46,245 (-12%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $36,819,530Liabilities 2010: $32,999,276Net Assets 2010: $3,820,2542010Assets 2011: $39,592,103Liabilities 2011: $35,642,029Net Assets 2011: $3,950,0742011Assets 2012: $41,688,453Liabilities 2012: $37,701,643Net Assets 2012: $3,986,8102012Assets 2013: $43,913,351Liabilities 2013: $39,858,638Net Assets 2013: $4,054,7132013Assets 2014: $47,742,980Liabilities 2014: $43,435,748Net Assets 2014: $4,307,2322014Assets 2015: $49,531,379Liabilities 2015: $44,835,765Net Assets 2015: $4,695,6142015Assets 2016: $49,023,765Liabilities 2016: $43,986,013Net Assets 2016: $5,037,7522016Assets 2017: $53,584,686Liabilities 2017: $47,909,756Net Assets 2017: $5,674,9302017Assets 2018: $53,426,590Liabilities 2018: $47,075,387Net Assets 2018: $6,351,2032018Assets 2019: $58,270,340Liabilities 2019: $51,182,253Net Assets 2019: $7,088,0872019Assets 2020: $66,192,135Liabilities 2020: $58,542,674Net Assets 2020: $7,649,4612020Assets 2021: $74,751,684Liabilities 2021: $66,409,424Net Assets 2021: $8,342,2602021Assets 2022: $78,167,946Liabilities 2022: $69,029,140Net Assets 2022: $9,138,8062022Assets 2023: $80,012,284Liabilities 2023: $69,390,219Net Assets 2023: $10,622,0652023Assets 2024: $77,885,740Liabilities 2024: $65,564,825Net Assets 2024: $12,320,9152024

Highlighted filing

2016

Assets$49,023,765
Liabilities$43,986,013
Net Assets$5,037,752

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2010: $1,982,7142010Expenses 2011: $1,972,1722011Expenses 2012: $1,994,2532012Revenue 2013: $2,055,969Expenses 2013: $1,982,966Net Income 2013: $73,0032013Revenue 2014: $2,151,660Expenses 2014: $1,899,141Net Income 2014: $252,5192014Revenue 2015: $2,270,907Expenses 2015: $1,882,524Net Income 2015: $388,3832015Revenue 2016: $2,309,330Expenses 2016: $1,967,192Net Income 2016: $342,1382016Revenue 2017: $2,705,337Expenses 2017: $2,068,159Net Income 2017: $637,1782017Revenue 2018: $2,818,741Expenses 2018: $2,142,468Net Income 2018: $676,2732018Revenue 2019: $3,011,848Expenses 2019: $2,274,964Net Income 2019: $736,8842019Revenue 2020: $2,924,278Expenses 2020: $2,362,904Net Income 2020: $561,3742020Revenue 2021: $2,962,772Expenses 2021: $2,269,973Net Income 2021: $692,7992021Revenue 2022: $3,214,849Expenses 2022: $2,418,303Net Income 2022: $796,5462022Revenue 2023: $4,497,182Expenses 2023: $3,013,923Net Income 2023: $1,483,2592023Revenue 2024: $5,458,788Expenses 2024: $3,778,599Net Income 2024: $1,680,1892024

Highlighted filing

2016

Revenue$2,309,330
Expenses$1,967,192
Net Income$342,138
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 12, 2017
Return Version
2016v3.0
Gross Receipts
$2,309,330
Mission and Program Overview

Mission

Santee cooper credit union is a state chartered credit union providing two primary needs. The first is that of providing a convenient depository for its members' funds whereby individuals may engage in a systematic plan of savings and earn a competitive rate of return. Secondly, the credit union serves as a source of financial assistance to aid its members with their consumer and financial needs by providing reasonable and afforable loans to qualified members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$32,741,517$34,712,167▲ $1,970,650
Savings and Temporary Cash Investments$14,470,415$12,129,282▼ $2,341,133
Rtn Earn Endowment Incm Other Fnds$4,695,614$5,037,752▲ $342,138
Land, Buildings, and Equipment, Net$1,038,405$990,625▼ $47,780
Cash and Non-Interest-Bearing Accounts$496,440$556,022▲ $59,582
Investments Other Securities$45,613--
Accounts Receivable$39,628$32,834▼ $6,794
Prepaid Expenses and Deferred Charges$26,466$24,251▼ $2,215
Total Assets$49,531,379$49,023,765▼ $507,614
Other Assets Total$672,895$578,584▼ $94,311
Liabilities
Other Liabilities$44,666,247$43,792,823▼ $873,424
Accounts Payable and Accrued Expenses$169,518$193,190▲ $23,672
Total Liabilities$44,835,765$43,986,013▼ $849,752
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,695,614$5,037,752▲ $342,138
Total Liabilities and Net Assets / Fund Balance$49,531,379$49,023,765▼ $507,614

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$659,087$433,144$1,092,231
Equipment$77,715$261,497$339,212
Land$253,823-$253,823
Compensation and Service Providers

Board Members and Trustees

NameTitle
William FinnChair
Melynda CiochettiPresident/ce
Jeff ZelenakVice Chairma
Clayton MauldenBoard Member
Denny ThompsonBoard Member
John DuludeBoard Member
Susan JacksonBoard Member
William K BarlowBoard Member
Leisa StilleySecretary
Karen WhaleyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fiserv GalaxyData Processor75 REMITTANCE DRIVE, 75 REMITTANCE DRIVE, Chicago, IL 60675-6942$171,094
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,609,379
Investment Income
$117,408
Other Revenue
$582,543
Change in Net Assets
$342,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$985,370
Other Expenses$981,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$714,347
Fees for Services Other---$269,631
Other Employee Benefits---$211,869
Occupancy---$136,171
Interest---$85,305
All Other Expenses---$65,900
Pension Plan Contributions---$59,154
Other Expenses---$51,538
Depreciation Depletion---$45,645
Advertising---$31,088
Travel---$25,342
Conferences and Meetings---$3,511
Total Functional Expenses$0$0$0$1,967,192
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$43,792,823
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has approximately 7,642 memembers. Each member has a 5 share deposit and is entitled to one vote for the governing body/board of directors.

Form 990, Page 6, Part VI, Line 7A

Members of the credit union elect those positions that have to be filled when a board member's term is completed. They can choose to re-elect the same board member if the person chooses to continue to fulfill this duty or a different person to fill the position.

Form 990, Page 6, Part VI, Line 11B

The accounting coordinator, antuan cromedy, and the ceo, melynda ciochetti, review the form 990 and make nexessary changes before filing.

Form 990, Page 6, Part VI, Line 15A

The compensation of the ceo of the credit union is reviewed yearly by the board of directors. Compensation is based on market research, the goals completed in the previous year, and the overal health and stability of the credit union.

Form 990, Page 6, Part VI, Line 19

Copies of financial statements are posted within the branch of santee cooper credit union every month. The state board of financial institutions holds the santee cooper credit union's charter and other governing documents. These are available for anyone upon request. The santee cooper credit union also provides quarterly newlsetters. Any specific info such as conflict of interest policies are available upon request.

Filing and Contact Details

Filer

Filer Name
Santee Cooper Credit Union
EIN
57-0379898
Phone
8437614001
Address
612 REMBERT C DENNIS BLVD, MONCKS CORNER, SC 29461

Signing Officer

Name
Melynda Ciochetti
Title
President/CEO
Phone
8437614001
Signed
2017-05-12

Organization Details

Principal Officer
Melynda Ciochetti
Formed
1953
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
20
Volunteers
15

Preparer

Firm
Cantey Tiller Pierce & Green Llp
Address
PO BOX 862, CAMDEN, SC 29021
Preparer
Janet M Pierce
Phone
8034321436
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Santee cooper credit union is a state chartered credit union providing two primary needs. The first is that of providing a convenient depository for its members' funds whereby individuals may engage in a systematic plan of savings and earn a competitive rate of return. Secondly, the credit union serves as a source of financial assistance to aid its members with their consumer and financial needs by providing reasonable and afforable loans to qualified members.

Form 990, Part IX, Line 11G

Profes & outside services 261,296 0 0 fed supv/exam expenses 8,335 0 0 total 269,631 0 0

Form 990, Part XI, Line 9

ROUNDING 0

Raw XML Appendix347 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0169518
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0193190
IRS990/AccountsReceivableGrp/BOYAmt039628
IRS990/AccountsReceivableGrp/EOYAmt032834
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SANTEE COOPER CREDIT UNION IS A STATE CHARTERED CREDIT UNION PROVIDING TWO PRIMARY NEEDS. THE FIRST IS THAT OF PROVIDING A CONVENIENT DEPOSITORY FOR ITS MEMBERS' FUNDS WHEREBY INDIVIDUALS MAY ENGAGE IN A SYSTEMATIC PLAN OF SAVINGS AND EARN A COMPETITIVE RATE OF RETURN. SECONDLY, THE CREDIT UNION SERVES AS A SOURCE OF FINANCIAL ASSISTANCE TO AID ITS MEMBERS WITH THEIR CONSUMER AND FINANCIAL NEEDS BY PROVIDING REASONABLE AND AFFORABLE LOANS TO QUALIFIED MEMBERS.
IRS990/AdvertisingGrp/TotalAmt031088
IRS990/AllOtherExpensesGrp/TotalAmt065900
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0MELYNDA CIOCHETTI
IRS990/BooksInCareOfDetail/PhoneNum08437614001
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0612 REMBERT C DENNIS BLVD
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0612 REMBERT S DENNIS BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0MONCKS CORNER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd029461
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0496440
IRS990/CashNonInterestBearingGrp/EOYAmt0556022
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt03511
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0171094
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt075 REMITTANCE DRIVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine2Txt075 REMITTANCE DRIVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd0606756942
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0FISERV GALAXY
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine2Txt0FISERV GALAXY
IRS990/ContractorCompensationGrp/ServicesDesc0DATA PROCESSOR
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0117408
IRS990/CYOtherExpensesAmt0981822
IRS990/CYOtherRevenueAmt0582543
IRS990/CYProgramServiceRevenueAmt01609379
IRS990/CYRevenuesLessExpensesAmt0342138
IRS990/CYSalariesCompEmpBnftPaidAmt0985370
IRS990/CYTotalExpensesAmt01967192
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02309330
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt045645
IRS990/Desc0SANTEE COOPER CREDIT UNION IS A STATE CHARTERED CREDIT UNION PROVIDING TWO PRIMARY NEEDS. THE FIRST IS THAT OF PROVIDING A CONVENIENT DEPOSITORY FOR ITS MEMBERS' FUNDS WHEREBY INDIVIDUALS MAY ENGAGE IN A SYSTEMATIC PLAN OF SAVINGS AND EARN A COMPETITIVE RATE OF RETURN. SECONDLY, THE CREDIT UNION SERVES AS A SOURCE OF FINANCIAL ASSISTANCE TO AID ITS MEMBERS WITH THEIR CONSUMER AND FINANCIAL NEEDS BY PROVIDING REASONABLE AND AFFORDABLE LOANS TO QUALIFIED MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt020
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesOtherGrp/TotalAmt0269631
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM K BARLOW
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN DULUDE
IRS990/Form990PartVIISectionAGrp/PersonNm2WILLIAM FINN
IRS990/Form990PartVIISectionAGrp/PersonNm3SUSAN JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm4CLAYTON MAULDEN
IRS990/Form990PartVIISectionAGrp/PersonNm5LEISA STILLEY
IRS990/Form990PartVIISectionAGrp/PersonNm6DENNY THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm7KAREN WHALEY
IRS990/Form990PartVIISectionAGrp/PersonNm8JEFF ZELENAK
IRS990/Form990PartVIISectionAGrp/PersonNm9MELYNDA CIOCHETTI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT/CE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01953
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02309330
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/TotalAmt085305
IRS990/InvestmentIncomeGrp/ExclusionAmt0117408
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0117408
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt045613
IRS990/IRPDocumentCnt0608
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0694641
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01038405
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0990625
IRS990/LandBldgEquipCostOrOtherBssAmt01685266
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SANTEE COOPER CREDIT UNION IS A STATE CHARTERED CREDIT UNION PROVIDING TWO PRIMARY NEEDS. THE FIRST IS THAT OF PROVIDING A CONVENIENT DEPOSITORY FOR ITS MEMBERS' FUNDS WHEREBY INDIVIDUALS MAY ENGAGE IN A SYSTEMATIC PLAN OF SAVINGS AND EARN A COMPETITIVE RATE OF RETURN. SECONDLY, THE CREDIT UNION SERVES AS A SOURCE OF FINANCIAL ASSISTANCE TO AID ITS MEMBERS WITH THEIR CONSUMER AND FINANCIAL NEEDS BY PROVIDING REASONABLE AND AFFORABLE LOANS TO QUALIFIED MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04695614
IRS990/NetAssetsOrFundBalancesEOYAmt05037752
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0136171
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0672895
IRS990/OtherAssetsTotalGrp/EOYAmt0578584
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0211869
IRS990/OtherExpensesGrp/Desc0OFFICE OPERATION EXPENSE
IRS990/OtherExpensesGrp/Desc1VISA - PROCESSOR EXPENSE
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSES
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt0148243
IRS990/OtherExpensesGrp/TotalAmt166523
IRS990/OtherExpensesGrp/TotalAmt252925
IRS990/OtherExpensesGrp/TotalAmt351538
IRS990/OtherLiabilitiesGrp/BOYAmt044666247
IRS990/OtherLiabilitiesGrp/EOYAmt043792823
IRS990/OtherRevenueMiscGrp/Desc0MISC OPERATING INCOM
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0582543
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0582543
IRS990/OtherRevenueTotalAmt0582543
IRS990/OtherSalariesAndWagesGrp/TotalAmt0714347
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt032741517
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt034712167
IRS990/PartialLiquidationInd0false
IRS990/PensionPlanContributionsGrp/TotalAmt059154
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026466
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024251
IRS990/PrincipalOfficerNm0MELYNDA CIOCHETTI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01609379
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01609379
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt084112
IRS990/PYOtherExpensesAmt0980576
IRS990/PYOtherRevenueAmt0224220
IRS990/PYProgramServiceRevenueAmt01962575
IRS990/PYRevenuesLessExpensesAmt0388383
IRS990/PYSalariesCompEmpBnftPaidAmt0901948
IRS990/PYTotalExpensesAmt01882524
IRS990/PYTotalRevenueAmt02270907
IRS990/ReconcilationRevenueExpnssAmt0342138
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04695614
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05037752
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014470415
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012129282
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0659087
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0433144
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01092231
IRS990ScheduleD/EquipmentGrp/BookValueAmt077715
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0261497
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0339212
IRS990ScheduleD/LandGrp/BookValueAmt0253823
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0253823
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt043792823
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0990625
IRS990ScheduleD/TotalLiabilityAmt043792823
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SANTEE COOPER CREDIT UNION IS A STATE CHARTERED CREDIT UNION PROVIDING TWO PRIMARY NEEDS. THE FIRST IS THAT OF PROVIDING A CONVENIENT DEPOSITORY FOR ITS MEMBERS' FUNDS WHEREBY INDIVIDUALS MAY ENGAGE IN A SYSTEMATIC PLAN OF SAVINGS AND EARN A COMPETITIVE RATE OF RETURN. SECONDLY, THE CREDIT UNION SERVES AS A SOURCE OF FINANCIAL ASSISTANCE TO AID ITS MEMBERS WITH THEIR CONSUMER AND FINANCIAL NEEDS BY PROVIDING REASONABLE AND AFFORABLE LOANS TO QUALIFIED MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS APPROXIMATELY 7,642 MEMEMBERS. EACH MEMBER HAS A 5 SHARE DEPOSIT AND IS ENTITLED TO ONE VOTE FOR THE GOVERNING BODY/BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE CREDIT UNION ELECT THOSE POSITIONS THAT HAVE TO BE FILLED WHEN A BOARD MEMBER'S TERM IS COMPLETED. THEY CAN CHOOSE TO RE-ELECT THE SAME BOARD MEMBER IF THE PERSON CHOOSES TO CONTINUE TO FULFILL THIS DUTY OR A DIFFERENT PERSON TO FILL THE POSITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ACCOUNTING COORDINATOR, ANTUAN CROMEDY, AND THE CEO, MELYNDA CIOCHETTI, REVIEW THE FORM 990 AND MAKE NEXESSARY CHANGES BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION OF THE CEO OF THE CREDIT UNION IS REVIEWED YEARLY BY THE BOARD OF DIRECTORS. COMPENSATION IS BASED ON MARKET RESEARCH, THE GOALS COMPLETED IN THE PREVIOUS YEAR, AND THE OVERAL HEALTH AND STABILITY OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COPIES OF FINANCIAL STATEMENTS ARE POSTED WITHIN THE BRANCH OF SANTEE COOPER CREDIT UNION EVERY MONTH. THE STATE BOARD OF FINANCIAL INSTITUTIONS HOLDS THE SANTEE COOPER CREDIT UNION'S CHARTER AND OTHER GOVERNING DOCUMENTS. THESE ARE AVAILABLE FOR ANYONE UPON REQUEST. THE SANTEE COOPER CREDIT UNION ALSO PROVIDES QUARTERLY NEWLSETTERS. ANY SPECIFIC INFO SUCH AS CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROFES & OUTSIDE SERVICES 261,296 0 0 FED SUPV/EXAM EXPENSES 8,335 0 0 TOTAL 269,631 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ROUNDING 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt049531379
IRS990/TotalAssetsEOYAmt049023765
IRS990/TotalAssetsGrp/BOYAmt049531379
IRS990/TotalAssetsGrp/EOYAmt049023765
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01967192
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt044835765
IRS990/TotalLiabilitiesEOYAmt043986013
IRS990/TotalLiabilitiesGrp/BOYAmt044835765
IRS990/TotalLiabilitiesGrp/EOYAmt043986013
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04695614
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05037752
IRS990/TotalProgramServiceRevenueAmt01609379
IRS990/TotalRevenueGrp/ExclusionAmt0117408
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02191922
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02309330
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt049531379
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt049023765
IRS990/TravelGrp/TotalAmt025342
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.SANTEECOOPERCREDITUNION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MELYNDA CIOCHETTI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08437614001
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SANTEE COOPER CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SANT
ReturnHeader/Filer/EIN0570379898
ReturnHeader/Filer/PhoneNum08437614001
ReturnHeader/Filer/USAddress/AddressLine1Txt0612 REMBERT C DENNIS BLVD
ReturnHeader/Filer/USAddress/CityNm0MONCKS CORNER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029461
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId061FC0FC766B8AAB84CB4E49FB7BA59E5C69AD90F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0446CEA1696A19297E71E085BFBE8A864DD9F526E
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570568919
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CANTEY TILLER PIERCE & GREEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 862
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CAMDEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029021
ReturnHeader/PreparerPersonGrp/PhoneNum08034321436
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANET M PIERCE
ReturnHeader/ReturnTs02017-05-15T15:52:57-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$77.9$65.6$12.3$5.46$3.78$1.68
2023Detailed filing. Detailed filing data is available for this year.$80.0$69.4$10.6$4.50$3.01$1.48
2022Detailed filing. Detailed filing data is available for this year.$78.2$69.0$9.14$3.21$2.42$0.80
2021Detailed filing. Detailed filing data is available for this year.$74.8$66.4$8.34$2.96$2.27$0.69
2020Detailed filing. Detailed filing data is available for this year.$66.2$58.5$7.65$2.92$2.36$0.56
2019Detailed filing. Detailed filing data is available for this year.$58.3$51.2$7.09$3.01$2.27$0.74
2018Detailed filing. Detailed filing data is available for this year.$53.4$47.1$6.35$2.82$2.14$0.68
2017Detailed filing. Detailed filing data is available for this year.$53.6$47.9$5.67$2.71$2.07$0.64
2016Detailed filing. Detailed filing data is available for this year.$49.0$44.0$5.04$2.31$1.97$0.34
2015Detailed filing. Detailed filing data is available for this year.$49.5$44.8$4.70$2.27$1.88$0.39
2014Detailed filing. Detailed filing data is available for this year.$47.7$43.4$4.31$2.15$1.90$0.25
2013Detailed filing. Detailed filing data is available for this year.$43.9$39.9$4.05$2.06$1.98$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.7$37.7$3.99$1.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.6$35.6$3.95$1.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.8$33.0$3.82$1.98