At the request of James and Charles Coker, Sr., Sonoco Products Company, approximately 100 Sonoco employees met November 18, 1941, to discuss the formation of a savings and loan association under the Federal Credit Union Act. The purpose was to provide a means by which employees of Sonoco could save, borrow, and eventually purchase their homes.
Sonoco Credit Union was organized under a federal charter in 1941 with start-up money provided by Sonoco Products Company in Hartsville, South Carolina. In 1961, the Credit Union reorganized under a State of South Carolina charter. Until 1988, the Credit Union remained a division of Sonoco. In May 1988, the name of the credit union was changed to SPC Cooperative Credit Union. The following year, SPC began to operate independently.
In 2004, SPC expanded its charter to serve anyone who lives, works or attends school in Darlington, Florence and Marlboro Counties. In 2010, the Credit Union officially changed its name to SPC Credit Union.
From an initial membership in 1941 of slightly over 100, SPC now serves approximately 20,000 members throughout Darlington, Florence & Marlboro Counties. SPC remains a strong and stable financial institution with a commitment to unequaled financial service to its member/owners. We are proud to have offered financial service to our members for the past 70 years.
SPC has been rated one of the nation’s strongest credit unions for more than 19 years. Our goal is to ensure that you, your family and future generations will continue to enjoy the benefits of credit union membership.