South Carolina Federal Credit Union history

In 1960, the credit union changed its name to the Charleston Naval Shipyard (CNS) Federal Credit Union when its field of membership expanded to include Navy personnel who worked at the Navy Yard or were stationed/home-ported at the naval base.

1965 First credit union in the state with our own facility at the Shipyard in North Charleston

By 1969, CNS opened its first branch on the Naval Station.

1979 Opened a 5-story headquarters and operations building at 2175 Credit Union Lane, North Charleston

By the end of 1985, as CNS was nearing its 50th anniversary, it had assets of $221 million and served 103,844 members.

The United States Navy closed the Charleston Naval Shipyard and naval base on April 1, 1994, but CNS' member base was robust enough that the credit union was able to withstand the loss.

2000 Established new Online Banking available to members free of charge

In May 2004, South Carolina Federal reached a major financial landmark when assets hit $1 billion.

2007 Launched financial services solutions for businesses

2009 Opened new state-of-the-art operations center at 6265 Rivers Avenue, North Charleston

2011 Expanded West Ashley area service with a new financial center

2012 Beginning of the South Carolina Federal Foundation to streamline employee charitable giving

2015 Launched Bank at Work, an onsite-banking program for participating employers

2016 Celebrated the credit union's 80th Anniversary

2017 Expansion to the Florence area began with two new financial centers

2018 Expanded scholarship awards to $50,000 and included technical as well as traditional universities

2019 Expanded credit union services to Spartanburg and Lexington