Quarterly ReviewWorking for People, Not for Profits.

“Your Hometown Credit Union!”

April 2020

At Santee Cooper Credit Union, we are excited to celebrate National Credit Union Youth Month. This year's theme is "Money Magic! Share, Spend and Save at Your Credit Union." We want financial education to be fun for youth and the theme of this year's Youth Month teaches kids not only about saving money, but spending and sharing it as well. The theme also introduces 5 characters to help do this:

Save, represented by a piggy bank pig named Penelope (Penny for short) who is always dreaming of the future.

Spend, represented by a flamingo named Pinky who seizes the day and celebrates life by treating herself from time to time.

Share, represented by a unicorn named Hope who spreads joy by helping others.

Invest, represented by a bear named Benny who thinks about his future and invests at the credit union.

Budget, represented by a penguin named Prudence who pays his bills and keeps a spreadsheet of his expenses and income.

Regulation D is a federal regulation that restricts the number of withdrawals from non-transactional accounts (i.e. savings and club accounts). Per the regulation, you are only allowed up to six (6) withdrawals per month from a savings or club account.

At Santee Cooper Credit Union, we allow 2 withdrawals per month that are free of charge. After those 2 withdrawals, you may be charged a $2.00 fee per charge that exceeds that amount. For any questions about Regulation D, please feel free to contact either of our branch locations.

Please be sure to visit both of our branches during Youth Month where each character will be featured in the lobby. We will have a table set up with free goodies for not only youth, but parents and grandparents as well. Don't forget to open up a Young Savers Account while you are in the branch especially since the Credit Union puts the first $5.00 deposit in the account to get your child or grandchild started. On top of that we also put in an additional $5.00 every year during the child's birth month up until the age of 18.

Please note some content about National Credit Union Youth Month is from CUNA.org.

Do you have a graduating senior at Berkeley, Timberland or Socastee High School? If so, Santee Cooper Credit Union has a scholarship opportunity. We are awarding (3) $1,000 scholarships to one graduating senior at each school mentioned above. Scholarship applicants must meet the following criteria in order to apply:

*Has a cumulative GPA of at least a 2.50

*Plans to attend a 2 or 4 year accredited institution,community college, trade school, vocational school oruniversity as a full time student

*Must fully complete the Scholarship Application andreturn to Santee Cooper Credit Union with allrequired documents by April 20, 2020.

*All family members of Santee Cooper Credit Unionofficials, volunteers and employees are excludedfrom eligibility.

Applications are available on our website at: www.santeecoopercreditunion.com/about-us/community-involvement.

Loan Rates & Information*

*Effective as of 03-24-2020

LOAN TYPE ANNUAL PERCENTAGE RATE

Home Equity (variable) ................4.25%Share Secured up to 24 mo ............ 2.00% up to 60 mo .................................... 4.00%

Certificate Loan 2% above Certificate rate up to maturity of certificateVISA Classic.................................. 11.99%VISA Platinum ................................ 8.99%

Loans are also offered on New and Used Automobiles, Recreational Vehicles

and Personal Loans.

DIVIDEND NEWSFor the first quarter of 2020 dividends were posted on 03-31-2020 as follows:$ 5 & up........................................0.10% APY**Annual Percentage Yield

Holiday Closings The credit union will be closed to observe the following holidays:

Good Friday:Friday, April 10, 2020

Memorial Day: Monday, May 25, 2020

Independence Day: Friday, July 3, 2020

Myrtle Beach, SC 29577 Phone #: (843) 839-2225Fax #: (843) 839-2227

Kathy Hane • Amy GossAliyah Alston • Katie Gamble

HOURS 8:15 a.m.-5:00 p.m. • Monday-Friday Drive-

thru open until 5:30 pm on Friday

GEORGETOWN-WGS8:00 a.m.-11:30 a.m. • Tuesdays • ext. 2470

CROSS-CGS8:00 a.m.-11:30 a.m. • Wednesdays • ext. 6328

HOME TELECOM MAIN OFFICE DAILY COURIER SERVICE

EMAIL:SCCU@homesc.com

BOARD OF DIRECTORSWilliam Finn, Chair

Susan Jackson, Vice ChairRosa Lee Deavers, SecretaryDenny Thompson, Treasurer

Karen WhaleyWilliam Barlow

Leisa StilleyVernon HardeeBrittany White

CREDIT COMMITTEE Chris Wilson, Chair

Alfred BeatyThomas Edens

SUPERVISORY COMMITTEE Lauren Christensen, Chair

Lateshia Spann

Financial Facts As of 02-29-2020

LOANS: ............................. $42,243,808 SHARES: ........................... $52,700,435ASSETS: ........................... $60,649,219MEMBERS: ..................................7,355

Reminder about New Fee (Inactive Bill Pay Users):

Online Bill Pay lets you pay bills from the convenience of your computer or smart phone simply and quickly. Bill Pay will be free of charge for active users (i.e. pay at least one bill per month). However, if you enroll in the Bill Pay Service and do not pay at least one bill per month, you will be charged $5.00 for each month your account is inactive.

This fee will go into effect as of June 2020 based on your Bill Pay activity for the month of May. This is just a friendly reminder if you have signed up for the service, please ensure you pay at least one bill per month to avoid the fee.

Karyn Seesan

DIRECTORYAbout Our Offices

MAIN OFFICE 612 Rembert C. Dennis Blvd.

Moncks Corner, SC 29461Phone #: (843) 761-4001Fax #: (843) 761-7011

Melynda Champion • Rhonda Rosenberger Lynn Ray • Michelle Jones • Cathy Bowers

Antuan Cromedy • Travon Middleton Courtney Martin • Marcie Henderson

Raquel Johnson • Pam Bauman Paige Covington • Monte McCrea

MYRTLE BEACH OFFICE1232 Farrow Parkway • Suite A Happenings During February 2020

The Annual Meeting was held on February 11, 2020. During the Annual Meeting, elections were conducted for the Board of Directors, Credit Committee and Supervisory Committee. Rosa Lee Deavers, Denny Thompson, Vernon Hardee, Brittany White, Alfred Beaty and Lateshia Spann were all approved by a unanimous decision to serve as a Board or Committee Member. During the meeting our Board Chairman, William Finn, discussed the System Upgrade that took place on February 1, 2020 and touched on the new products and services released with the upgrade. If you would like to pick up a copy of the 2019 Annual Report that was distributed during the Annual Meeting, please feel free to stop by one of our branches.

On February 13, 2020, one of our staff members and Board Chairman participated in the Reality of Money event held at Berkeley High School. This event is an eye opening experience for high school students as they see first hand the importance of having a monthly budget. This was the 3rd year in a row that our Credit Union was able to participate.