Civic Intelligence

Santee Cooper Credit Union

990 • Fiscal year 2020 • EIN 57-0379898

Jan 01, 2020 to Dec 31, 2020 • Filed on May 12, 2021

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

44th percentile

0.88x

Higher debt load relative to assets than 44% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

47th percentile

20.02x

Higher debt load relative to revenue than 47% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Net Margin

83rd percentile

19%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

59th percentile

$152,572

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Asset Growth

41st percentile

14%

Faster asset growth than 41% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

-2.9%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$66,192,135

Up $7,921,795 (+14%) from 2019

Net Assets

Up

$7,649,461

Up $561,374 (+7.9%) from 2019

Liabilities

Up

$58,542,674

Up $7,360,421 (+14%) from 2019

Revenue

Down

$2,924,278

Down $87,570 (-2.9%) from 2019

Expenses

Up

$2,362,904

Up $87,940 (+3.9%) from 2019

Net Income

Down

$561,374

Down $175,510 (-24%) from 2019

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

2020

Assets$66,192,135
Liabilities$58,542,674
Net Assets$7,649,461

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

2020

Revenue$2,924,278
Expenses$2,362,904
Net Income$561,374
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 12, 2021
Return Version
2020v4.0
Gross Receipts
$2,924,278
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$42,001,376$42,296,892▲ $295,516
Savings and Temporary Cash Investments$14,057,467$21,370,404▲ $7,312,937
Rtn Earn Endowment Incm Other Fnds$7,088,087$7,649,461▲ $561,374
Cash and Non-Interest-Bearing Accounts$679,585$1,065,693▲ $386,108
Land, Buildings, and Equipment, Net$838,775$755,416▼ $83,359
Prepaid Expenses and Deferred Charges$55,451$29,784▼ $25,667
Accounts Receivable$19,597$28,593▲ $8,996
Total Assets$58,270,340$66,192,135▲ $7,921,795
Other Assets Total$618,089$645,353▲ $27,264
Liabilities
Other Liabilities$50,869,718$57,669,597▲ $6,799,879
Accounts Payable and Accrued Expenses$312,535$873,077▲ $560,542
Total Liabilities$51,182,253$58,542,674▲ $7,360,421
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,088,087$7,649,461▲ $561,374
Total Liabilities and Net Assets / Fund Balance$58,270,340$66,192,135▲ $7,921,795

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$483,785$608,446$1,092,231
Equipment$15,908$411,976$427,884
Land$253,823-$253,823
Leasehold Improvements$1,900$5,700$7,600
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melynda Ciochetti ChampionPresident/ceFT$138,822$13,750$152,572
Melynda Ciochetti ChampionPresident/CEO-$138,822$13,750$152,572

Board Members and Trustees

NameTitle
William FinnChair
Susan JacksonVice Chair
Brittany WhiteBoard Member
Karen WhaleyBoard Member
Rosa Lee DeaversBoard Member
Tajaiva BessBoard Member
Vernon HardeeBoard Member
William K BarlowBoard Member
Denny ThompsonTreasurer
Rhonda RosenbergerVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Blue Cross Blue ShieldHealth InsurancPO BOX 100300, PO BOX 100300, Columbia, SC 29202$184,916
Cu AnswersData Processor4635 44TH ST SE, Kentwood, MI 49512$144,887
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,962,155
Investment Income
$186,327
Other Revenue
$775,796
Change in Net Assets
$561,374
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,215,067
Salaries, Compensation, and Employee Benefits$1,147,837
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$737,852$81,984-$819,836
Fees for Services Other$246,516$24,246-$270,762
Other Employee Benefits$229,135$25,460-$254,595
Interest$184,184--$184,184
All Other Expenses$146,245--$146,245
Occupancy$139,904--$139,904
Pension Plan Contributions$73,406--$73,406
Other Expenses$57,931--$57,931
Depreciation Depletion$49,262--$49,262
Advertising$43,069--$43,069
Travel$26,205--$26,205
Conferences and Meetings$3,804--$3,804
Total Functional Expenses$2,231,214$131,690$0$2,362,904
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$57,669,597
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 35% controlled entity
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 7,344 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 necessary 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 Champion
Title
President/CEO
Phone
8437614001
Signed
2021-05-12

Organization Details

Principal Officer
Melynda Ciochetti Champion
Formed
1953
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
25

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

Fed supv/exam expenses 28,306 0 0 profes & outside services 218,210 24,246 0 total 246,516 24,246 0

Form 990, Part XI, Line 9

ROUNDING 0

Raw XML Appendix389 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/BOYAmt0312535
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0873077
IRS990/AccountsReceivableGrp/BOYAmt019597
IRS990/AccountsReceivableGrp/EOYAmt028593
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/ProgramServicesAmt043069
IRS990/AdvertisingGrp/TotalAmt043069
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0146245
IRS990/AllOtherExpensesGrp/TotalAmt0146245
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0ANTUAN CROMEDY
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/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0679585
IRS990/CashNonInterestBearingGrp/EOYAmt01065693
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt03804
IRS990/ConferencesMeetingsGrp/TotalAmt03804
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0184916
IRS990/ContractorCompensationGrp/CompensationAmt1144887
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 100300
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt14635 44TH ST SE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine2Txt0PO BOX 100300
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0COLUMBIA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1KENTWOOD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0SC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1MI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd029202
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd149512
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0BLUE CROSS BLUE SHIELD
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1CU ANSWERS
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine2Txt0BLUE CROSS BLUE SHIELD
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine2Txt1CU ANSWERS
IRS990/ContractorCompensationGrp/ServicesDesc0HEALTH INSURANC
IRS990/ContractorCompensationGrp/ServicesDesc1DATA PROCESSOR
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0186327
IRS990/CYOtherExpensesAmt01215067
IRS990/CYOtherRevenueAmt0775796
IRS990/CYProgramServiceRevenueAmt01962155
IRS990/CYRevenuesLessExpensesAmt0561374
IRS990/CYSalariesCompEmpBnftPaidAmt01147837
IRS990/CYTotalExpensesAmt02362904
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02924278
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt049262
IRS990/DepreciationDepletionGrp/TotalAmt049262
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/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt025
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt024246
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0246516
IRS990/FeesForServicesOtherGrp/TotalAmt0270762
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
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/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt013750
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/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0MELYNDA CIOCHETTI CHAMPION
IRS990/Form990PartVIISectionAGrp/PersonNm1WILLIAM K BARLOW
IRS990/Form990PartVIISectionAGrp/PersonNm2TAJAIVA BESS
IRS990/Form990PartVIISectionAGrp/PersonNm3ROSA LEE DEAVERS
IRS990/Form990PartVIISectionAGrp/PersonNm4WILLIAM FINN
IRS990/Form990PartVIISectionAGrp/PersonNm5VERNON HARDEE
IRS990/Form990PartVIISectionAGrp/PersonNm6SUSAN JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm7DENNY THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm8KAREN WHALEY
IRS990/Form990PartVIISectionAGrp/PersonNm9BRITTANY WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm10RHONDA ROSENBERGER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0138822
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/ReportableCompFromOrgAmt100
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CE
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01953
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02924278
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt0184184
IRS990/InterestGrp/TotalAmt0184184
IRS990/InvestmentIncomeGrp/ExclusionAmt0186327
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0186327
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt0838
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01026122
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0838775
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0755416
IRS990/LandBldgEquipCostOrOtherBssAmt01781538
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
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/NetAssetsOrFundBalancesBOYAmt07088087
IRS990/NetAssetsOrFundBalancesEOYAmt07649461
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0139904
IRS990/OccupancyGrp/TotalAmt0139904
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0618089
IRS990/OtherAssetsTotalGrp/EOYAmt0645353
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt025460
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0229135
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0254595
IRS990/OtherExpensesGrp/Desc0OFFICE OPERATION EXPENSE
IRS990/OtherExpensesGrp/Desc1ATM FEES EXPENSE
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3VISA EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0109759
IRS990/OtherExpensesGrp/ProgramServicesAmt1108204
IRS990/OtherExpensesGrp/ProgramServicesAmt275738
IRS990/OtherExpensesGrp/ProgramServicesAmt357931
IRS990/OtherExpensesGrp/TotalAmt0109759
IRS990/OtherExpensesGrp/TotalAmt1108204
IRS990/OtherExpensesGrp/TotalAmt275738
IRS990/OtherExpensesGrp/TotalAmt357931
IRS990/OtherLiabilitiesGrp/BOYAmt050869718
IRS990/OtherLiabilitiesGrp/EOYAmt057669597
IRS990/OtherRevenueMiscGrp/Desc0MISC OPERATING INCOM
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0775796
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0775796
IRS990/OtherRevenueTotalAmt0775796
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt081984
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0737852
IRS990/OtherSalariesAndWagesGrp/TotalAmt0819836
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt042001376
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt042296892
IRS990/PartialLiquidationInd0false
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt073406
IRS990/PensionPlanContributionsGrp/TotalAmt073406
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt055451
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029784
IRS990/PrincipalOfficerNm0MELYNDA CIOCHETTI CHAMPION
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01962155
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01962155
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0262365
IRS990/PYOtherExpensesAmt01165842
IRS990/PYOtherRevenueAmt0849678
IRS990/PYProgramServiceRevenueAmt01899805
IRS990/PYRevenuesLessExpensesAmt0736884
IRS990/PYSalariesCompEmpBnftPaidAmt01109122
IRS990/PYTotalExpensesAmt02274964
IRS990/PYTotalRevenueAmt03011848
IRS990/ReconcilationRevenueExpnssAmt0561374
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07088087
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07649461
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014057467
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021370404
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0483785
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0608446
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01092231
IRS990ScheduleD/EquipmentGrp/BookValueAmt015908
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0411976
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0427884
IRS990ScheduleD/LandGrp/BookValueAmt0253823
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0253823
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01900
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05700
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt057669597
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0755416
IRS990ScheduleD/TotalLiabilityAmt057669597
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0138822
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt013750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MELYNDA CIOCHETTI CHAMPION
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0152572
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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 7,344 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 NECESSARY 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/ExplanationTxt6FED SUPV/EXAM EXPENSES 28,306 0 0 PROFES & OUTSIDE SERVICES 218,210 24,246 0 TOTAL 246,516 24,246 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt058270340
IRS990/TotalAssetsEOYAmt066192135
IRS990/TotalAssetsGrp/BOYAmt058270340
IRS990/TotalAssetsGrp/EOYAmt066192135
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0131690
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02231214
IRS990/TotalFunctionalExpensesGrp/TotalAmt02362904
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt051182253
IRS990/TotalLiabilitiesEOYAmt058542674
IRS990/TotalLiabilitiesGrp/BOYAmt051182253
IRS990/TotalLiabilitiesGrp/EOYAmt058542674
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07088087
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07649461
IRS990/TotalOtherCompensationAmt013750
IRS990/TotalProgramServiceRevenueAmt01962155
IRS990/TotalReportableCompFromOrgAmt0138822
IRS990/TotalRevenueGrp/ExclusionAmt0186327
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02737951
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02924278
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt058270340
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt066192135
IRS990/TravelGrp/ProgramServicesAmt026205
IRS990/TravelGrp/TotalAmt026205
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0612 REMBERT S DENNIS BLVD
IRS990/USAddress/CityNm0MONCKS CORNER
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029461
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.SANTEECOOPERCREDITUNION.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MELYNDA CIOCHETTI CHAMPION
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08437614001
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-12
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/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/PreparationDt02021-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANET M PIERCE
ReturnHeader/ReturnTs02021-08-20T12:54:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MELYNDA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHAMPION
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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