SIMPSONVILLE, S.C. – Representatives of Secured Advantage Federal Credit Union were joined by city officials, members and guest for a ribbon cutting ceremony celebrating the credit union’s new headquarters in downtown Simpsonville. The new freestanding location at 116 NE Main St. offers not only a better banking experience, but more opportunities for underserved communities within the Golden Strip.
“We are very excited to bring a fresh, unique banking experience to Simpsonville,” said Secured Advantage CEO Michal Parker. “This new branch offers us tremendous potential for growth.”
Secured Advantage moved from an office within Sealed Air Corp. on Maple Street to a larger location next to Simpsonville City Hall. Still within a mile of the plant, the new facility offers easy access for family members of employees, along with a new drive up and extended hours.
This is the second freestanding location for Secured Advantage, having opened one in Duncan, S.C., in 2016. The credit union’s branch in Iowa Park, Texas, will be converted to a freestanding location later this year.
While Secured Advantage has a 60-year history serving those in advanced manufacturing, the credit union has a special responsibility to all those in the community who encounter barriers to affordable financial solutions.
Secured Advantage has a low-income designation in Duncan and has been pre-approved to expand in the greater Simpsonville area. A healthy alternative to high-cost payday lenders, people in the Golden Strip who lack a regular banking relationship, need to rebuild or establish credit, or need small dollar loans may find it at the credit union. Plus, the credit union offers lower fees, lower loan rates and higher yields on savings than traditional banks. The credit union also seeks to build community-based relationships to foster economic growth of the region.
“We are not controlled by a few distant shareholders. Instead, we are a member-owned, member-driven financial institution. We’re in the business of changing lives,” Parker said. “We’ve already had a great foundation in Simpsonville while at Sealed Air, and we envision a very bright future as we serve more people in the Golden Strip.”