Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1968.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
13 people listed on the 990; $855K paid to officers and key staff.
Compensation history total reportable pay by year · 7 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Linda Weatherford | $226,404 | $182,910 | $182,290 | $173,703 | $159,256 | $135,087 |
| Billy Byrd | $154,300 | $141,126 | $139,587 | $134,857 | $125,316 | $110,929 |
| Latasha Cooper | $128,808 | $117,609 | $112,958 | $106,244 | $100,151 | — |
| Thomas Beasley | $125,743 | $105,732 | $107,816 | $102,091 | — | — |
| Elaine S Hungerpiller | $119,096 | $104,447 | $102,282 | — | — | — |
| Jenny Morrell | — | — | — | $101,233 | — | — |
| Neil Jackson | $101,106 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Spc Credit Union executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Spc Credit Union is a member-serving organization based in Hartsville, SC, formed in 1941.
Questions for Spc Credit Union
Your first name shows with your question. Spc Credit Union answers here, for everyone.
During 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.
Community development financial institutions fund
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Federal money
The auditor reported no findings.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $40.7M | $45.1M |
| InvestmentsLn 11–13 | $12.4M | $18.0M |
| Land, buildings, equipmentLn 10c | $7.8M | $11.5M |
| Total assetsLn 16 | $240.7M | $254.5M |
| LiabilitiesLn 26 | $216.8M | $227.3M |
| Net assetsLn 32 | $23.9M | $27.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $4.3M | $3.9M | $431K | |
| Pension plan contributionsLn 8 | $118K | $106K | $12K | |
| Other employee benefitsLn 9 | $365K | $328K | $36K | |
| Payroll taxesLn 10 | $319K | $287K | $32K | |
| Legal feesLn 11b | $14K | $14K | ||
| Accounting feesLn 11c | $81K | $81K | ||
| Investment management feesLn 11f | $17K | $17K | ||
| Other fees for servicesLn 11g | $22K | $22K | ||
| Advertising and promotionLn 12 | $206K | $206K | ||
| Office expensesLn 13 | $1.4M | $1.4M | ||
| OccupancyLn 16 | $428K | $385K | $43K | |
| Conferences, conventions and meetingsLn 19 | $100K | $100K | ||
| InterestLn 20 | $1.7M | $1.7M | ||
| Depreciation, depletion and amortizationLn 22 | $692K | $692K | ||
| Other expenses (24a–d)Ln 24 | $6.2M | $6.2M | ||
| All other expensesLn 24e | $94K | $94K | ||
| Total functional expensesLn 25 | $16.1M | $15.5M | $554K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS May 14, 2026 | $18.3M | $16.1M | $2.3M | $27.2M | 990 PDF |
| FY2024Filed with the IRS May 1, 2025 | $19.8M | $15.6M | $4.2M | $23.9M | 990 PDF |
| FY2023Filed with the IRS Jun 3, 2024 | $15.8M | $14.2M | $1.6M | $17.8M | 990 PDF |
| FY2022Filed with the IRS May 17, 2023 | $13.6M | $11.6M | $1.9M | $16.7M | 990 PDF |
| FY2021Filed with the IRS May 16, 2022 | $12.3M | $11.2M | $1.1M | $15.7M | 990 PDF |
| FY2020Filed with the IRS May 14, 2021 | $11.8M | $10.7M | $1.2M | $14.2M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $18,337,189 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 1 to look at
Part VIII · Statement of revenue $18,337,189 across 5 lines filed
Part IX · Statement of functional expenses $16,059,418 across 16 lines filed
Part X · Balance sheet $254,486,634 assets, 14 lines filed
Part XI · Reconciliation of net assets $27,158,776 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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