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Anderson Credit Union

Overview
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Anderson Credit Union is a federal credit union based in Anderson, South Carolina. It has been opened since 1953, for 67 years.

With around $91,700,000 in assets, Anderson Credit Union is considered to be a large credit union. It has 3 branches and 3 ATM locations.

About
Address Po Box 2427
Anderson, South Carolina 29622
Website http://WWW.ANDFCU.COM
Phone (864) 225-1254
Fax (864) 328-1104
CEO Robert B. Wilson
President of the Board Hughlyn Burgess
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
13,387 members
Membership type: Community credit union
Above average number of members
357:1
Credit union member to staff ratio
357 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$91,700,740
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 4 in South Carolina
Above average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
9.95%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 4 in South Carolina
Above average number of branches
Anderson Credit Union Branch Locations

Anderson Federal Credit Union (Main)
1720 North Main Street
Anderson, South Carolina 29621
ATM Available
Anderson Federal Credit Union
1434 Pearman Dairy Road
Anderson, South Carolina 29625
ATM Available
Anderson Credit Union: Hanna Crossing
100 Hanna Xing
Anderson, South Carolina 29621
ATM Available
Members
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13,387 members
Membership type: Community credit union
Above average number of members

With 13,387 members, the Anderson Credit Union is considered to be a large credit union. It is larger than 76% of credit unions.

Fees
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$92
Average fee per member
The average fee per member at the Anderson Credit Union is $92, which is very high compared to most credit unions. This rate is higher than 81% of all credit unions.
Fees are higher 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 Anderson Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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357:1
Credit union member to staff ratio
357 per each FTE employee
Compared to 411:1 nationally
Average number of staff
38 staff members
FTE (full-time equivalent)
12% of employees are part-time
35 full-time, 5 part-time

Anderson Credit Union has 35 full-time staff members and 5 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 88% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Anderson Credit Union has around 357 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$91,700,740
Total assets
Above average
Net worth
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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.
8.8%
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
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$11,076
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 58% of credit unions.

Anderson Credit Union holds a total of $71,470,000 in loans and leases, which is about $11,076 per member on average.

Savings interest rate
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0.05%
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. Anderson Credit Union pays 0.05%.

Loan rates
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9.95%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
14.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.95%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.20%
New car loan rate
Compared to 4.0% nationally
3.30%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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7.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.30%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally