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GIVING BACK

Community Partnerships & Community Development Activities

In 2019, HopeSouth partnered with many organizations and charities over the greater Abbeville region to better our community. Take a look at some of the wonderful projects we were privileged to help sponsor:

freshwater coast community foundation

FRESHWATER COAST COMMUNITY FOUNDATION

$20,000

calhoun falls charter school

CALHOUN FALLS CHARTER SCHOOL

$1,000

abbeville county school district

ABBEVILLE COUNTY SCHOOL DISTRICT – Betty J Hall Scholarship Fund

$1,500

abbeville high school logo

ABBEVILLE COUNTY HIGH SCHOOL SENIOR SCHOLARSHIPS

$4,000

abbeville county farmers market

ABBEVILLE COUNTY FARMERS MARKET

$2,500

ABBEVILLE COUNTY SCHOOL DISTRICT – TEACHER GRANTS

$2,000

ABBEVILLE COUNTY ECONOMIC DEVELOPMENT PUBLIC PRIVATE PARTNERSHIP

$5,000

Over the past five years, we have also donated over $263,000 to various community groups and charitable organizations. In total, HopeSouth has invested over $263,962 for the improvement and support of our outstanding community.

CEO’s Report

Thank you for helping us achieve a great deal of progress in 2019. We were proud to pay out a dividend to members in 2019 of $70,236, ending the year with a net income of $422,732. Our greatest achievements include the many ways in which we used our capital to provide hope and improve lives. We are pleased to announce that we welcomed 417 new members to the credit union in 2019 and helped members get a new vehicle with over $3 Million; providing safe and reliable transportation.

We are proud to be a local credit union with a staff and volunteer team comprised entirely of individuals from right here in Abbeville County. HopeSouth is committed to investing in the community we serve because it’s the community where we live.

The impact of HopeSouth extends beyond our membership. Over the past five years, we have been able to donate over $263,000 to community groups and charitable organizations for the improvement of our outstanding community.

To our volunteer team, thank you for leading with excellence. To our dedicated staff, thank you for faithfully serving our members and improving our community. And to our valued members, thank you for your ongoing trust and support. 2019 was a wonderful year, and thanks to you, the future is bright here at HopeSouth. We are here for you during times of personal and public crises, and will do everything we can to help.

With gratitude, Faye Crocker, CEO

Faye Crocker

2019 FINANCIAL REPORT

Assets 
Total Loans$11,377,889
Loan Loss Allowance(351,597)
Cash & Investments10,074,973
Prepaid Expense30,065
Fixed Assets398,551
Accrued Income50,721

Total Assets

$21,580,602

Liabilities & Equity
Liabilities$373,781
Total Shares17,027,027
Regular Reserve335,597
Undivided Earnings3,844,197

Total Liabilities
& Equity

$21,580,602

Income & Expense
Total Income $1,793,151
Total Operating Expense1,320,085
Total Dividend Expense70,236
Disposed Assets/Gain or Loss(19,902)

Net Income

$422,732

2020 BY THE NUMBERS

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Auto Loans

$3,039,140

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Visa® Credit Cards

$1,015,544

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Personal Loans

$1,445,225

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New Members

417