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1st Cooperative Credit Union Share
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Overview Share
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1st Cooperative Credit Union is a federal credit union based in Cayce, South Carolina. It has been opened since 1970, for 52 years.

With around $15,340,000 in assets, 1st Cooperative Credit Union is considered to be a medium size credit union.

About Share
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Address 808 Knox Abbott Drive
Cayce, South Carolina 29033
Website http://www.1stcooperative.org
Phone (803) 796-0234
Fax (803) 926-3177
CEO Jo Ann Burnside
President of the Board Keith Avery
Services Offered
Score Card Share
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52 years
Years in business
Opened in 1970
Well Capitalized
Net worth classification
Source: NCUA
2,382 members
Membership type: Service – communications and utilities
Below average number of members
794:1
Credit union member to staff ratio
794 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$15,342,611
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 4 in South Carolina
Average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
9.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 4 in South Carolina
Average number of branches
1st Cooperative Credit Union Branch Locations

1st Cooperative Credit Union: Main
808 Knox Abbott Drive
Cayce, South Carolina 29033
No ATM
Members Share
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2,382 members
Membership type: Service – communications and utilities
Below average number of members

With 2,382 members, the 1st Cooperative Credit Union is considered to be a small credit union. It is smaller than 61% of credit unions.

Fees Share
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$18
Average fee per member
The average fee per member at the 1st Cooperative Credit Union is $18, which is low compared to most credit unions. This rate is lower than 74% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the 1st Cooperative Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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794:1
Credit union member to staff ratio
794 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
3 staff members
FTE (full-time equivalent)
0% of employees are part-time
3 full-time, 0 part-time

1st Cooperative Credit Union has 3 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. 1st Cooperative Credit Union has around 794 members per staff, a high ratio compared to other credit unions.

Assets Share
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$15,342,611
Total assets
Below average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
13.8%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$9,603
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 45% of credit unions.

1st Cooperative Credit Union holds a total of $13,240,000 in loans and leases, which is about $9,603 per member on average.

Savings interest rate Share
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. 1st Cooperative Credit Union pays 0.10%.

Loan rates Share
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9.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.40%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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3.49%
New car loan rate
Compared to 4.0% nationally
3.49%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally

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All of Asset Brief

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