SMFCU opened in 1993 as a member-owned, not-for-profit financial cooperative. South Metro provides high-quality, customer-friendly services to everyone who works or lives in Scott County, which is one of the state's fastest-growing counties. As a federally-insured credit union, South Metro returns income generated by loans and investments to the membership (once operating expenses and reserve requirements are satisfied), in the form of dividends and low-cost services. Deposits are insured up to $250,000 by the National Credit Union Administration, an agency of the U.S. government.
Charleston Federal Credit Union has two locations in the city, with this one in West Ashley being the main branch. Membership is open to anyone who lives, works, volunteers, goes to church or attends school in Charleston County, and costs a one-time fee of $25. Charleston Federal Credit Union offers checking and savings accounts, various types of loans, a credit card, direct deposit and many other services. The credit union has a drive-thru and offers lobby banking.
