Top 10 best credit union in South Carolina of 2023
Are you tired of dealing with big banks that don’t care about your financial well-being? If so, it’s time to consider joining the Best Credit Union in South Carolina. Credit unions are not-for-profit financial institutions that are owned and controlled by their members, and they offer a range of services designed to help you save money and build wealth.
Credit unions are a great alternative to traditional banks, with lower fees, better interest rates, and a focus on serving the local community. In this blog, we’ll look closer at what makes the Best Credit Union in South Carolina an intelligent choice for your finances and help you find the right one.
Top 10 best credit union in south Carolina
Below is the list of the top 10 best credit unions in South Carolina, we will be exploring what makes each one unique and why they may be the perfect choice for your financial needs.
1. Founders Federal Credit Union
Established in 1950, Founders Federal Credit Union has become the largest and among the best credit union in South Carolina, serving over 225,000 members. Offering a comprehensive range of financial products and services, such as checking and savings accounts, loans, credit cards, and investment options, Founders has earned a reputation for its competitive rates and exceptional customer service.
Membership eligibility: Anyone who lives, works, worships, attends school, or volunteers in one of the South Carolina or North Carolina counties served by Founders, as well as immediate family members of current members.
Pros:
- A largest credit union in South Carolina, serving over 225,000 members
- A comprehensive range of financial products and services
- Competitive rates on loans, savings accounts, and more
Cons:
- Limited membership eligibility based on location and affiliation
- Branch locations primarily in the northern part of the state
2. South Carolina Federal Credit Union
South Carolina Federal Credit Union, founded in 1936, serves more than 165,000 members nationwide. With a broad range of financial services, including deposit accounts, loans, insurance, and wealth management services, this credit union is committed to helping its members achieve financial success. South Carolina Federal is also known for its dedication to financial education and its strong community involvement.
Membership eligibility: Anyone who lives, works, worships, or attends school in one of the South Carolina counties served by South Carolina Federal.
Pros:
- Over 165,000 members served across the state
- Broad range of financial services, including deposit accounts, loans, insurance, and wealth management
- Strong focus on financial education and community involvement
Cons:
- Limited number of branch locations compared to larger banks
- Membership eligibility based on location and affiliation
3. SAFE Federal Credit Union
Since its inception in 1955, SAFE Federal Credit Union has grown to serve over 126,000 members in the Midlands region of South Carolina. Offering a diverse array of financial services, such as checking and savings accounts, loans, credit cards, and insurance products, SAFE Federal Credit Union is dedicated to providing its member’s with personalized service and competitive rates.
Membership eligibility: Anyone who lives, works, worships, or attends school in one of the South Carolina counties served by SAFE Federal Credit Union, as well as immediate family members of current members.
Pros:
- Serving over 126,000 members in the Midlands region of South Carolina
- Diverse array of financial services
- Dedicated to providing personalized service and competitive rates
Cons:
- Branches and services are limited to the Midlands region
- Membership eligibility based on location and affiliation
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4. AllSouth Federal Credit Union
AllSouth Federal Credit Union, founded in 1960, serves over 120,000 members in South Carolina. This credit union offers a full suite of financial services, including deposit accounts, loans, credit cards, and investment services. AllSouth is committed to supporting its members with financial education resources and giving back to the community through various philanthropic initiatives.
Membership eligibility: Anyone who lives, works, worships, or attends school in one of the South Carolina counties served by AllSouth Federal Credit Union.
Pros:
- Over 120,000 members served in South Carolina
- The comprehensive suite of financial services, including deposit accounts, loans, credit cards, and investment services
- Strong commitment to financial education and community support
Cons:
- Limited branch locations compared to larger banks
- Membership eligibility based on location and affiliation
5. Sharonview Federal Credit Union
Established in 1955, Sharonview Federal Credit Union serves over 90,000 North and South Carolina members. This credit union provides various financial services, such as checking and savings accounts, loans, credit cards, and wealth management services. Sharonview is known for its focus on financial education and community involvement, supporting local nonprofit organizations and events.
Membership eligibility: Anyone who lives, works, worships, or attends school in one of the South Carolina or North Carolina counties served by Sharonview, as well as immediate family members of current members.
Pros:
- Over 90,000 members served in North and South Carolina
- Wide range of financial services, such as checking and savings accounts, loans, credit cards, and wealth management services
- Emphasis on financial education and community involvement
Cons:
- Limited branch locations in South Carolina
- Membership eligibility based on location and affiliation
6. Palmetto Citizens Federal Credit Union
Palmetto Citizens Federal Credit Union, founded in 1936, serves over 75,000 members in South Carolina. Offering a comprehensive range of financial services, such as checking and savings accounts, loans, credit cards, and investment options, Palmetto Citizens is dedicated to helping its members achieve financial success. With a strong focus on financial education and community involvement, this credit union supports local nonprofits and events, demonstrating a commitment to the well-being of its members and the community.
Membership eligibility: Anyone who lives, works, worships, or attends school in one of the South Carolina counties served by Palmetto Citizens Federal Credit Union, as well as immediate family members of current members.
Pros:
- Serving over 75,000 members in South Carolina
- A comprehensive range of financial services
- Strong focus on financial education and community involvement
Cons:
- Limited branch locations compared to larger banks
- Membership eligibility based on location and affiliation
7. Greenville Federal Credit Union
Established in 1960, Greenville Federal Credit Union serves more than 32,000 members in Greenville County, South Carolina. This credit union offers a wide range of financial services, including deposit accounts, loans, credit cards, and financial counseling services. Greenville Federal Credit Union is known for its dedication to providing personalized service and fostering strong relationships with its members.
Membership eligibility: Anyone who lives, works, worships, or attends school in Greenville County, South Carolina, as well as immediate family members of current members.
Pros:
- Over 32,000 members served in Greenville County, South Carolina
- Wide range of financial services, including deposit accounts, loans, credit cards, and financial counseling services
- Dedication to providing personalized service and fostering strong relationships with members
Cons:
- Limited to serving Greenville County
- Membership eligibility based on location and affiliation
8. SPC Credit Union
Founded in 1941, SPC Credit Union serves over 25,000 members in the northeastern region of South Carolina. SPC Credit Union is committed to improving its members’ financial well-being by offering a full suite of financial services, such as checking and savings accounts, loans, and insurance products. The credit union is also known for its active involvement in the local community and various charitable initiatives.
Membership eligibility: Anyone who lives, works, worships, or attends school in one of the South Carolina counties served by SPC Credit Union, as well as immediate family members of current members.
Pros:
- Serving over 25,000 members in the northeastern region of South Carolina
- Full suite of financial services, such as checking and savings accounts, loans, and insurance products
- Active involvement in the local community and various charitable initiatives
Cons:
- Limited branch locations in the northeastern region of the state
- Membership eligibility based on location and affiliation
9. Anderson Federal Credit Union
Anderson Federal Credit Union, established in 1953, serves over 18,000 members in Anderson County, South Carolina. This credit union provides diverse financial services, including deposit accounts, loans, credit cards, and investment services. Anderson Federal Credit Union is dedicated to offering its members personalized service and competitive rates while actively participating in community events and supporting local nonprofits.
Membership eligibility: Anyone who lives, works, worships, or attends school in Anderson County, South Carolina, as well as immediate family members of current members.
Pros:
- Competitive rates on loans and deposit accounts
- Personalized customer service
- Strong financial education resources
Cons:
- Limited to Anderson County residents and select employer groups
- Limited branch locations outside Anderson
10. SC Telco Federal Credit Union
SC Telco Federal Credit Union, founded in 1935, serves over 60,000 members across the state of South Carolina. Offering a comprehensive array of financial services, such as checking and savings accounts, loans, credit cards, and investment options, SC Telco is committed to helping its members achieve financial success. The credit union is also known for its focus on financial education, providing resources and counseling services to its members.
Membership eligibility: Anyone who lives, works, worships, or attends school in one of the South Carolina counties served by SC Telco Federal Credit Union, as well as immediate family members of current members and select employee groups.
Pros:
- Competitive rates on loans and deposit accounts
- Wide range of financial products and services
- Strong focus on financial education and member empowerment
Cons:
- Membership limited to select employer groups and associations
- Limited branch locations outside the Greenville area
Conclusion
South Carolina is home to a wide variety of credit unions; each of these Best Credit Union in South Carolina offers its unique blend of benefits and services. As you explore your options, consider factors such as membership eligibility, branch locations, range of services, and community involvement. By taking the time to research and compare these top 10 credit unions, you’ll be well-equipped to find the perfect financial partner in the Palmetto State. Happy banking!
FAQs
What are the benefits of joining a credit union in South Carolina?
Credit unions are member-owned, not-for-profit financial institutions that typically offer lower fees, higher savings rates, and lower loan rates compared to traditional banks. They also provide personalized customer service and often have a strong focus on financial education and community involvement.
How can I become a member of a credit union in South Carolina
Membership eligibility varies by credit union. Some credit unions require you to live, work, or worship in a specific county, while others are open to members of select employer groups, associations, or organizations. To join a credit union, you’ll need to meet the specific eligibility requirements and open a share savings account with a minimum deposit.
Are my deposits at a South Carolina credit union insured?
Yes, deposits at federally insured credit unions are protected up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), which is administered by the National Credit Union Administration (NCUA). This coverage is similar to the FDIC insurance provided to banks.
Can I access my account and perform transactions at other credit unions?
Many credit unions in South Carolina participate in shared branching networks, such as CO-OP Shared Branch or CU Service Centers, allowing members to access their accounts and perform transactions at participating credit unions nationwide. Additionally, some credit unions are part of ATM networks that offer surcharge-free transactions at thousands of ATMs nationwide.
Do credit unions offer the same products and services as banks?
Credit unions offer a wide range of financial products and services, including checking and savings accounts, loans, credit cards, and online banking. While the specific products and services may vary between credit unions, they generally offer similar options to traditional banks.
How do I choose the best credit union for me in South Carolina?
To determine the best credit union for you, consider factors such as membership eligibility, location of branches and ATMs, rates and fees, product offerings, and customer service. Research the top credit unions in South Carolina and compare their pros and cons to find the one that best meets your financial needs and preferences.
