SOUTH CAROLINA METHODIST CONFERENCE CREDIT UNION

EIN: 570406778

COLUMBIA, SC

Total Revenue
$395,118
Total Expenses
$351,666
Total Assets
$5,921,745
Net Assets
$479,589
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
SC
Principal Officer
TALMADGE A COX
Phone
8036910037
Tax Period
2024-01-01 to 2024-12-31

SOUTH CAROLINA METHODIST CONFERENCE CREDIT UNION, founded in 1955, is a small nonprofit that reported $395K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $352K left a modest 11% surplus.

Mission

TO PROVIDE CREDIT UNIONS SERVICES FOR MEMBERS OF UNITED METHODIST CHURCHES, UMC CONFERENCE AFFILIATED INSTITUTIONS, PASTORS, LAYPERSONS, AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

TO PROVIDE CREDIT UNIONS SERVICES FOR MEMBERS OF UNITED METHODIST CHURCHES, UMC CONFERENCE AFFILIATED INSTITUTIONS, PASTORS, LAYPERSONS, AND THEIR FAMILIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $292,223
Investment Income $102,895
Other Revenue $0
TOTAL REVENUE $395,118

Expense Breakdown

Grants Paid $0
Salaries & Benefits $182,494
Fundraising Expenses $0
Other Expenses $122,693
TOTAL EXPENSES $351,666

Year-over-Year Comparison

2024 2023 Change
Revenue $395,118 $344,381 +0.1%
Expenses $351,666 $335,012 +0.0%
Net Income $43,452 $9,369 +3.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
4
Volunteers
15

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$84,432
Total Directors
16
$84,432
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TALMADGE A COX PRESIDENT AN 40.00
Officer Director
$77,529 $6,903 $84,432
REV DAVID L ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT J BARHAM DIRECTOR 1.00
Director
$0 $0 $0
REV EUGENE L CURRY DIRECTOR 1.00
Director
$0 $0 $0
REV ROGER M GRAMLING CHAIR 1.00
Officer Director
$0 $0 $0
LISA L FUSCO DIRECTOR 1.00
Director
$0 $0 $0
REV RONALD PETTIT DIRECTOR 1.00
Director
$0 $0 $0
REV ROBERT M VINCENT VICE CHAIR 1.00
Officer Director
$0 $0 $0
REV B SUSAN ULMER DIRECTOR 1.00
Director
$0 $0 $0
REV LILLIAN H WASHINGTON DIRECTOR 1.00
Director
$0 $0 $0
REV JOHN E HOLLER COMMITTEE CH 1.00
Director
$0 $0 $0
REV HOPE R A MORRIS COMMITTEE 1.00
Director
$0 $0 $0
REV LEATHA M BROWN COMMITTEE 1.00
Director
$0 $0 $0
GAIL CORN COMMITTEE 1.00
Director
$0 $0 $0
REV WILLIS E HASELDEN IV COMMITTEE 1.00
Director
$0 $0 $0
TAMMY FULMER COMMITTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $395,118 $351,666 $5,921,745 $43,452
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