Civic Intelligence

Spc Cooperative Credit Union

990 • Fiscal year 2014 • EIN 57-6020340

Jan 01, 2014 to Dec 31, 2014 • Filed on May 12, 2015

PO Box 1355Hartsville, SC 29551

(843) 383-0090

Siviq Scores

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

Liabilities / Assets

86th percentile

0.92x

Higher debt load relative to assets than 86% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

22nd percentile

14.82x

Higher debt load relative to revenue than 22% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Net Margin

13th percentile

3.2%

Higher net margin than 13% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

3rd percentile

$0

Higher top officer pay than 3% of similar nonprofits.

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

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Asset Growth

70th percentile

6.0%

Faster asset growth than 70% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

22nd percentile

-1.9%

Faster revenue growth than 22% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Assets

Up

$133,607,014

Up $7,520,898 (+6.0%) from 2013

Net Assets

Down

$11,118,825

Down $333,301 (-2.9%) from 2013

Liabilities

Up

$122,488,189

Up $7,854,199 (+6.9%) from 2013

Revenue

Down

$8,263,881

Down $158,814 (-1.9%) from 2013

Expenses

Up

$8,001,526

Up $48,232 (+0.6%) from 2013

Net Income

Down

$262,355

Down $207,046 (-44%) from 2013

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $108,676,738Liabilities 2010: $97,699,517Net Assets 2010: $10,977,2212010Assets 2011: $116,466,517Liabilities 2011: $105,112,028Net Assets 2011: $11,354,4892011Assets 2012: $121,793,977Liabilities 2012: $110,418,152Net Assets 2012: $11,375,8252012Assets 2013: $126,086,116Liabilities 2013: $114,633,990Net Assets 2013: $11,452,1262013Assets 2014: $133,607,014Liabilities 2014: $122,488,189Net Assets 2014: $11,118,8252014Assets 2015: $144,661,279Liabilities 2015: $133,812,425Net Assets 2015: $10,848,8542015Assets 2016: $151,079,504Liabilities 2016: $139,641,481Net Assets 2016: $11,438,0232016Assets 2017: $158,134,943Liabilities 2017: $146,057,391Net Assets 2017: $12,077,5522017Assets 2018: $160,522,294Liabilities 2018: $148,349,395Net Assets 2018: $12,172,8992018Assets 2019: $164,592,799Liabilities 2019: $150,629,286Net Assets 2019: $13,963,5132019Assets 2020: $207,674,821Liabilities 2020: $193,450,024Net Assets 2020: $14,224,7972020Assets 2021: $231,524,692Liabilities 2021: $215,850,625Net Assets 2021: $15,674,0672021Assets 2022: $243,239,953Liabilities 2022: $226,517,822Net Assets 2022: $16,722,1312022Assets 2023: $239,331,326Liabilities 2023: $221,525,105Net Assets 2023: $17,806,2212023Assets 2024: $240,682,854Liabilities 2024: $216,791,916Net Assets 2024: $23,890,9382024

Highlighted filing

2014

Assets$133,607,014
Liabilities$122,488,189
Net Assets$11,118,825

Operations Trend

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

$20M$15M$10M$5.0M$0Expenses 2010: $7,980,4362010Expenses 2011: $7,879,8042011Expenses 2012: $7,943,2582012Revenue 2013: $8,422,695Expenses 2013: $7,953,294Net Income 2013: $469,4012013Revenue 2014: $8,263,881Expenses 2014: $8,001,526Net Income 2014: $262,3552014Revenue 2015: $8,858,356Expenses 2015: $8,431,121Net Income 2015: $427,2352015Revenue 2016: $9,087,478Expenses 2016: $8,788,749Net Income 2016: $298,7292016Revenue 2017: $9,434,038Expenses 2017: $8,791,817Net Income 2017: $642,2212017Revenue 2018: $10,397,338Expenses 2018: $9,079,396Net Income 2018: $1,317,9422018Revenue 2019: $11,666,247Expenses 2019: $10,088,717Net Income 2019: $1,577,5302019Revenue 2020: $11,834,754Expenses 2020: $10,680,783Net Income 2020: $1,153,9712020Revenue 2021: $12,295,768Expenses 2021: $11,162,816Net Income 2021: $1,132,9522021Revenue 2022: $13,550,656Expenses 2022: $11,601,765Net Income 2022: $1,948,8912022Revenue 2023: $15,750,567Expenses 2023: $14,168,156Net Income 2023: $1,582,4112023Revenue 2024: $19,796,776Expenses 2024: $15,619,814Net Income 2024: $4,176,9622024

Highlighted filing

2014

Revenue$8,263,881
Expenses$8,001,526
Net Income$262,355
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 12, 2015
Return Version
2014v5.0
Gross Receipts
$8,263,881
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$78,917,167$84,650,369▲ $5,733,202
Investments in Publicly Traded Securities$21,775,670$20,823,463▼ $952,207
Rtn Earn Endowment Incm Other Fnds$10,880,753$11,118,825▲ $238,072
Cash and Non-Interest-Bearing Accounts$9,772,877$8,700,719▼ $1,072,158
Savings and Temporary Cash Investments$6,928,125$6,178,250▼ $749,875
Land, Buildings, and Equipment, Net$3,824,513$3,722,652▼ $101,861
Total Assets$125,514,743$133,607,014▲ $8,092,271
Other Assets Total$4,296,391$9,531,561▲ $5,235,170
Liabilities
Other Liabilities$112,746,463$121,364,275▲ $8,617,812
Accounts Payable and Accrued Expenses$1,724,373$1,123,914▼ $600,459
Escrow Account Liability$163,154--
Total Liabilities$114,633,990$122,488,189▲ $7,854,199
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,880,753$11,118,825▲ $238,072
Total Liabilities and Net Assets / Fund Balance$125,514,743$133,607,014▲ $8,092,271

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,607,413$5,704,031$7,311,444
Equipment$766,656$3,013,569$3,780,225
Land$1,228,339-$1,228,339
Other Land Buildings$120,244-$120,244
Other Assets Org$256,989--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Travis WaltersChairman
Bill VarnPresident/ce
Frank BensonVice Chairma
Helen SherrillBoard Member
Mark BurnsBoard Member
Pansy HowellBoard Member
Sylvester WilsonBoard Member
Jimmy ShellySecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,040,712
Investment Income
$223,169
Other Revenue
$0
Change in Net Assets
$262,355

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,263,881
Total Revenue per Audited Statements
$8,263,881
Total Revenue per Form 990
$8,263,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,466,123
Salaries, Compensation, and Employee Benefits$3,535,403
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,817,047
Office Expenses---$1,001,739
Other Employee Benefits---$512,492
Depreciation Depletion---$403,573
Interest---$341,526
Occupancy---$286,481
Payroll Taxes---$202,265
Advertising---$192,650
Conferences and Meetings---$88,045
Fees for Services Accounting---$61,043
Insurance---$24,306
Fees for Services Legal---$20,269
Fees for Service Investment Mgmnt Fees---$18,091
Other Expenses---$4,104
Pension Plan Contributions---$3,599
Total Functional Expenses$0$0$0$8,001,526

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,001,526
Total Expenses per Audited Statements$8,001,526
Total Expenses per Form 990$8,001,526
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$121,364,275
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
Yes
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

Spc cooperative credit union's field of membership includes anyone who lives, works or attends school in darlington, florence or marlboro counties. Spc also serves employee groups in the hartsville, darlington and bennettsville area, as well as the employees of sonoco products company and its affiliates throughout the united states. In addition, any person related by blood or marriage to a current spc member, regardless of employment or residence, may join the credit union.

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

At the credit union's annual meetings, the membership elects the board of directors.

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

The organization reviews the form 990 to ensure that there are no omissions or misstatements.

Form 990, Page 6, Part VI, Line 12C

The policy is reviewed and updated annually to ensure compliance.

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

The compensation committee along with the board of directors approve the ceo's, vice president's and the cfo's salaries.

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

Employees are given evaluations before they receive salary increases. These increases are approved by the compensation committee and the board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents are available to the public upon request. Persons may come into one of the credit union's branches and request a copy of any of our governing documents. Some documents are posted in the branch lobbies.

Filing and Contact Details

Filer

Filer Name
Spc Cooperative Credit Union
EIN
57-6020340
Phone
8433830090
Address
PO BOX 1355, HARTSVILLE, SC 29551

Signing Officer

Name
Billy Byrd
Title
CFO
Phone
8433830090
Signed
2015-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Billy Byrd
Formed
1961
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
72
Volunteers
10

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, Part XI, Line 9

Change in gain (loss) in pension plan 25,901 other comprehensive loss -1,618

Raw XML Appendix349 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/BOYAmt01724373
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01123914
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0STATE CHARTERED CREDIT UNION
IRS990/AdvertisingGrp/TotalAmt0192650
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0BILLY BYRD
IRS990/BooksInCareOfDetail/PhoneNum08433830090
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0204 N FIFTH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0HARTSVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd029550
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt09772877
IRS990/CashNonInterestBearingGrp/EOYAmt08700719
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt088045
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0223169
IRS990/CYOtherExpensesAmt04466123
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt08040712
IRS990/CYRevenuesLessExpensesAmt0262355
IRS990/CYSalariesCompEmpBnftPaidAmt03535403
IRS990/CYTotalExpensesAmt08001526
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt08263881
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0403573
IRS990/Desc0DURING THE YEAR, THE CREDIT UNION SERVED ITS' MEMBERS BY PROVIDING LOANS AT REASONABLE RATES. IT ALSO ACCEPTED DEPOSITS AND PAID REASONABLE RATES OF INTEREST ON THOSE DEPOSITS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt072
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountLiabilityGrp/BOYAmt0163154
IRS990/ExpenseAmt08001526
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt061043
IRS990/FeesForServicesLegalGrp/TotalAmt020269
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt018091
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
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/PersonNm0FRANK BENSON
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK BURNS
IRS990/Form990PartVIISectionAGrp/PersonNm2PANSY HOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm3JIMMY SHELLY
IRS990/Form990PartVIISectionAGrp/PersonNm4HELEN SHERRILL
IRS990/Form990PartVIISectionAGrp/PersonNm5TRAVIS WALTERS
IRS990/Form990PartVIISectionAGrp/PersonNm6SYLVESTER WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm7BILL VARN
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/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT/CE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01961
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt08263881
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt024306
IRS990/InterestGrp/TotalAmt0341526
IRS990/InvestmentIncomeGrp/ExclusionAmt0223169
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0223169
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt021775670
IRS990/InvestmentsPubTradedSecGrp/EOYAmt020823463
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08717600
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03824513
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03722652
IRS990/LandBldgEquipCostOrOtherBssAmt012440252
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0STATE CHARTERED CREDIT UNION
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt010880753
IRS990/NetAssetsOrFundBalancesEOYAmt011118825
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0286481
IRS990/OfficeExpensesGrp/TotalAmt01001739
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04296391
IRS990/OtherAssetsTotalGrp/EOYAmt09531561
IRS990/OtherChangesInNetAssetsAmt0-24283
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0512492
IRS990/OtherExpensesGrp/Desc0MEMBER SERVICES
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2OTHER OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc3LOSS ON IMPAIRMENT OF INV
IRS990/OtherExpensesGrp/TotalAmt01608461
IRS990/OtherExpensesGrp/TotalAmt1316378
IRS990/OtherExpensesGrp/TotalAmt299457
IRS990/OtherExpensesGrp/TotalAmt34104
IRS990/OtherLiabilitiesGrp/BOYAmt0112746463
IRS990/OtherLiabilitiesGrp/EOYAmt0121364275
IRS990/OtherSalariesAndWagesGrp/TotalAmt02817047
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt078917167
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt084650369
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt0202265
IRS990/PensionPlanContributionsGrp/TotalAmt03599
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0BILLY BYRD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES AND SERVICE CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04905729
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12000666
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21134317
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04905729
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12000666
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21134317
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0311310
IRS990/PYOtherExpensesAmt04326474
IRS990/PYProgramServiceRevenueAmt08111385
IRS990/PYRevenuesLessExpensesAmt0469401
IRS990/PYSalariesCompEmpBnftPaidAmt03626820
IRS990/PYTotalExpensesAmt07953294
IRS990/PYTotalRevenueAmt08422695
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0262355
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt010880753
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011118825
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06928125
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06178250
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01607413
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05704031
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07311444
IRS990ScheduleD/EquipmentGrp/BookValueAmt0766656
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03013569
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03780225
IRS990ScheduleD/ExpensesSubtotalAmt08001526
IRS990ScheduleD/LandGrp/BookValueAmt01228339
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01228339
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt09274572
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1256989
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER R/E OWNED
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0120244
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0120244
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0121364275
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/RevenueSubtotalAmt08263881
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03722652
IRS990ScheduleD/TotalBookValueOtherAssetsAmt09531561
IRS990ScheduleD/TotalExpensesPerForm990Amt08001526
IRS990ScheduleD/TotalLiabilityAmt0121364275
IRS990ScheduleD/TotalRevenuePerForm990Amt08263881
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08263881
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08001526
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPC COOPERATIVE CREDIT UNION'S FIELD OF MEMBERSHIP INCLUDES ANYONE WHO LIVES, WORKS OR ATTENDS SCHOOL IN DARLINGTON, FLORENCE OR MARLBORO COUNTIES. SPC ALSO SERVES EMPLOYEE GROUPS IN THE HARTSVILLE, DARLINGTON AND BENNETTSVILLE AREA, AS WELL AS THE EMPLOYEES OF SONOCO PRODUCTS COMPANY AND ITS AFFILIATES THROUGHOUT THE UNITED STATES. IN ADDITION, ANY PERSON RELATED BY BLOOD OR MARRIAGE TO A CURRENT SPC MEMBER, REGARDLESS OF EMPLOYMENT OR RESIDENCE, MAY JOIN THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT THE CREDIT UNION'S ANNUAL MEETINGS, THE MEMBERSHIP ELECTS THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REVIEWS THE FORM 990 TO ENSURE THAT THERE ARE NO OMISSIONS OR MISSTATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE POLICY IS REVIEWED AND UPDATED ANNUALLY TO ENSURE COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION COMMITTEE ALONG WITH THE BOARD OF DIRECTORS APPROVE THE CEO'S, VICE PRESIDENT'S AND THE CFO'S SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EMPLOYEES ARE GIVEN EVALUATIONS BEFORE THEY RECEIVE SALARY INCREASES. THESE INCREASES ARE APPROVED BY THE COMPENSATION COMMITTEE AND THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PERSONS MAY COME INTO ONE OF THE CREDIT UNION'S BRANCHES AND REQUEST A COPY OF ANY OF OUR GOVERNING DOCUMENTS. SOME DOCUMENTS ARE POSTED IN THE BRANCH LOBBIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CHANGE IN GAIN (LOSS) IN PENSION PLAN 25,901 OTHER COMPREHENSIVE LOSS -1,618
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0125514743
IRS990/TotalAssetsEOYAmt0133607014
IRS990/TotalAssetsGrp/BOYAmt0125514743
IRS990/TotalAssetsGrp/EOYAmt0133607014
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt072
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt08001526
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0114633990
IRS990/TotalLiabilitiesEOYAmt0122488189
IRS990/TotalLiabilitiesGrp/BOYAmt0114633990
IRS990/TotalLiabilitiesGrp/EOYAmt0122488189
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010880753
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011118825
IRS990/TotalProgramServiceExpensesAmt08001526
IRS990/TotalProgramServiceRevenueAmt08040712
IRS990/TotalRevenueGrp/ExclusionAmt0223169
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08040712
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08263881
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0125514743
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0133607014
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1355
IRS990/USAddress/CityNm0HARTSVILLE
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029551
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.SPCCU.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BILLY BYRD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum08433830090
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPC COOPERATIVE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SPCC
ReturnHeader/Filer/EIN0576020340
ReturnHeader/Filer/PhoneNum08433830090
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1355
ReturnHeader/Filer/USAddress/CityNm0HARTSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029551
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/PreparationDt02015-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANET M PIERCE
ReturnHeader/ReturnTs02015-05-14T15:56:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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.$241$217$23.9$19.8$15.6$4.18
2023Detailed filing. Detailed filing data is available for this year.$239$222$17.8$15.8$14.2$1.58
2022Detailed filing. Detailed filing data is available for this year.$243$227$16.7$13.6$11.6$1.95
2021Detailed filing. Detailed filing data is available for this year.$232$216$15.7$12.3$11.2$1.13
2020Detailed filing. Detailed filing data is available for this year.$208$193$14.2$11.8$10.7$1.15
2019Detailed filing. Detailed filing data is available for this year.$165$151$14.0$11.7$10.1$1.58
2018Detailed filing. Detailed filing data is available for this year.$161$148$12.2$10.4$9.08$1.32
2017Detailed filing. Detailed filing data is available for this year.$158$146$12.1$9.43$8.79$0.64
2016Detailed filing. Detailed filing data is available for this year.$151$140$11.4$9.09$8.79$0.30
2015Detailed filing. Detailed filing data is available for this year.$145$134$10.8$8.86$8.43$0.43
2014Detailed filing. Detailed filing data is available for this year.$134$122$11.1$8.26$8.00$0.26
2013Detailed filing. Detailed filing data is available for this year.$126$115$11.5$8.42$7.95$0.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$122$110$11.4$7.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$116$105$11.4$7.88
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$109$97.7$11.0$7.98