South Carolina FCU Joins TheBillion-Dollar Club

Register now

CHARLESTON, S.C. - (09/10/04) -- South Carolina FCU said it hit the$1 billion mark in assets, making 91 credit unions in thebillion-dollar club. The 68-year-old credit union, chartered asCharleston Navy Shipyard FCU, has almost doubled its assets andincreased its branch network to 16 over the past five years. Thegrowth has been fueled over the past year by the credit union'sconversion from a multiple group charter to a communitybase.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER