At a glance
From its website, read 3 Nov 2026Spero Financial Federal Credit Union is a credit union based in Greenville, South Carolina. Its website describes auto loans, commercial real estate loans, home mortgages and 2 other loan types. Where it lends: South Carolina, per lending team serving first-time buyers across the state. It says it considers borrowers with low or no credit history. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Apply online | Page with the application link |
|---|---|
| Website | www.sctelcofcu.org |
| Office (official list) | 420 E. Park Ave., Ste. 100, Greenville, SC 29601 |
What their website says about applying
Simply apply online to get started.
sourceA member service representative at our branches can help you apply.
sourceReview the mortgage options below. Click "Get Started" and complete the form.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Who qualifies, in their words
- Membership required
Membership required. Insured by NCUA.
source - Collateral required
Subject to credit approval and sufficient collateral.
source - Low or damaged credit considered
FHA may be an option for you if you are a first-time homeowner or have a lower credit score.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Credit union |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 30 Apr 2023 |
| RSSD ID | 584171 |
| Address | 420 E. Park Ave., Ste. 100, Greenville, SC 29601 Directions (Google Maps) |
| Website | www.sctelcofcu.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 3 Nov 2026Read from 12 pages of the lender's website on 3 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Loan amounts and a full service-area statement were not stated on the pages fetched. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Auto / vehicle loans | — | Whether you're buying a new or used vehicle or needing to refinance, Spero Financial provides convenient financing customized to your needs | source |
| Commercial real estate loans | — | Spero Financial offers competitive, low rates for the purchase, refinance, or construction of commercial properties. | source |
| Home mortgages | — | Looking to buy a home or refinance? You can go with a 15, 20, or 30-year fixed-rate mortgage for predictable payments | source |
| Personal / consumer loans | — | With a Personal Loan from Spero, you can use the funds on pretty much anything you choose. | source |
| Small-business loans | — | Short- and long-term funding options are available to support specific business initiatives. | source |
Loan sizes
No amounts stated on the pages we read.
Service area
South Carolina, per lending team serving first-time buyers across the state
Spero's lending team works with first-time buyers across South Carolina every day.
source
Borrower focus
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Simply apply online to get started.
source
Pages read (12)
- https://spero.financial/
- https://spero.financial/auto-loan/
- https://spero.financial/personal-loan/
- https://spero.financial/business-loans/
- https://spero.financial/sarah-burns-named-to-best-and-brightest-35-and-under/
- https://spero.financial/chelsea-newton-best-and-brightest-35-and-under/
- https://spero.financial/auto-loans-tools/
- https://spero.financial/first-time-home-buyer-loans/
- https://spero.financial/mortgages/
- https://spero.financial/dont-get-upside-down-in-your-auto-loan/
- https://spero.financial/is-a-personal-loan-the-solution-youve-been-looking-for/
- https://spero.financial/how-to-safely-secure-a-great-credit-card-interest-rate/
Questions to ask when you contact them
Based on what their website said when we read it on 3 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- How do I become a member, and is there a fee or a minimum deposit?
Credit unions lend only to their members. - What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What is the APR, including fees, on your auto loans and home mortgages?
Their website does not state an APR. The APR includes fees, so it is the number to compare. - What interest rate and fees should I expect on your commercial real estate loans and small-business loans?
Their website does not state a rate for this. - How long can I take to repay?
No repayment terms are stated on their website. - Do you offer down-payment help, and is a homebuyer education course required?
CDFI home loans often come with homebuyer education or down-payment help; their website does not say. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$800,000 in 1 award from the U.S. Treasury's CDFI Fund, 2024 (CDFI Program, Financial Assistance).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $800,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Branches and size
NCUA, 30 Jun 2026On file with the NCUA as SPERO FINANCIAL (charter 361). Source: NCUA 5300 Call Report quarterly data (public data) as of 30 Jun 2026, downloaded 3 Nov 2026: total assets, members and branch addresses.
| Total assets | $701.5 million (as of 30 Jun 2026) |
|---|---|
| Members | 45,560 (as of 30 Jun 2026) |
| Offices | 11 (as of 30 Jun 2026) |
Offices by state and county (11)
South Carolina (11 offices)
- Anderson County (3): 100 Hanna Xing, Anderson 29621; 1434 Pearman Dairy Rd, Anderson 29625; 1720 N Main St, Anderson 29621
- Greenville County (5): 420 E Park Ave Ste 100, Greenville 29601 (main office); 300 Mills Ave, Greenville 29605; 601 Verdae Boulevard, Greenville 29607; 117 Batesville Rd Ste 200, Simpsonville 29681; 3237 Wade Hampton Blvd, Taylors 29687
- Pickens County (1): 118 Brushy Creek Rd, Easley 29642
- Richland County (1): 1025 Pulaski St, Columbia 29201
- Spartanburg County (1): 130 N Town Dr, Spartanburg 29303
An office shows where the lender has a branch, not where it lends or whom it lends to. Credit unions serve members only; check who can join. For the ZIP-code search, credit-union offices are placed at the centre of their ZIP code (approximate).
What the regulator filing shows
NCUA 5300, 30 Jun 2026Figures from the 5300 Call Report filed by Spero Financial Federal Credit Union (NCUA charter 361, filed as “SPERO FINANCIAL”). Source: NCUA 5300 Call Report quarterly data (public data), cycle 30 Jun 2026; year-earlier figures from the 30 Jun 2025 cycle; downloaded 3 Nov 2026.
| Total loans and leases | $586.9 million, 26,480 loans (as of 30 Jun 2026) |
|---|---|
| Change over the year | Up 2.7% from $571.6 million on 30 Jun 2025 |
| Members | 45,560 (as of 30 Jun 2026); 47,917 (as of 30 Jun 2025) |
| Loans per member | $12,883 (total loans divided by members, 30 Jun 2026) |
| Total assets | $701.5 million (as of 30 Jun 2026) |
Loan mix (balances on 30 Jun 2026)
| Loan category | Balance | Share |
|---|---|---|
| New vehicle loans | $35.1 million | 6.0% |
| Used vehicle loans | $111.2 million | 18.9% |
| First-lien home mortgages (1-4 family) | $148.4 million | 25.3% |
| Other real estate loans (junior liens, other) | $106.2 million | 18.1% |
| Commercial (business) loans | $116.7 million | 19.9% |
| Credit cards | $17.7 million | 3.0% |
| Other unsecured loans | $22.9 million | 3.9% |
| Leases and other secured loans | $28.7 million | 4.9% |
Balances are loans outstanding on the report date, not loans made during the year. A category with no balance does not mean the credit union never makes that kind of loan. Credit unions lend to members only; check who can join.
Home loans reported under HMDA (2025)
FFIEC HMDA data, 2025Spero Financial Federal Credit Union reported 403 originated home loans for 2025 under the Home Mortgage Disclosure Act, totaling about $61.4M (median loan about $105,000). 21 were home-purchase loans.
By loan purpose
| Purpose | Loans | Share |
|---|---|---|
| Home purchase | 21 | 5.2% |
| Refinance (incl. cash-out) | 104 | 26% |
| Home improvement | 174 | 43% |
| Other purpose | 104 | 26% |
By loan type
| Loan type | Loans | Share |
|---|---|---|
| Conventional | 403 | 100% |
Where the loans were made
Counties with the most 2025 originations, out of 30 counties with at least one; 98% of its 2025 loans were for properties in South Carolina:
- Greenville County, SC (168)
- Anderson County, SC (81)
- Spartanburg County, SC (55)
- Pickens County, SC (40)
- Lexington County, SC (7)
- Richland County, SC (7)
- Laurens County, SC (6)
- Oconee County, SC (5)
Filed under LEI 549300XOP6YO0UN0TY92 as “Spero Financial Federal Credit Union”; matched by its RSSD ID on the CDFI Fund list, which the HMDA reporter panel links to this LEI.
Source: FFIEC Home Mortgage Disclosure Act (HMDA) data for 2025, snapshot frozen 2 Jun 2026, loan-level records read through the CFPB HMDA Data Browser API on 3 Nov 2026. Originated loans only; applications that were denied, withdrawn or not accepted are not counted. HMDA publishes each loan amount as the middle of a $10,000 band, so totals and medians are approximate. Counts under 3 are not shown. How we match lenders.
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets (Call Report, 30 Jun 2026) | $701.5 million | Larger than 89% of the 9 other certified credit unions in South Carolina (median $148.5 million). |
| Loans as a share of assets | 84% | Median of the same 9 credit unions: 60%. A higher share means more of its balance sheet is lent out. |
| Loans held, 30 Jun 2025 → 30 Jun 2026 | $571.6 million → $586.9 million (+3%) | Median change of 9 other certified credit unions in South Carolina: +2%. Rank by loans held among these 10: 2 → 2. |
| Home loans originated in 2025 (HMDA) | 403 | More than 83% of the 263 other certified CDFIs that reported 3 or more (119 at the median). Volume only; nothing here is an approval rate. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Call Report total assets | other certified credit unions in South Carolina | 9 | larger than 89% |
| Loans held then vs now | certified credit unions in South Carolina reporting both dates | 9 | rank 2 → 2 of 10 |
| HMDA home loans | certified CDFIs with 3+ originations in 2025, nationwide | 263 | more than 83% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Assets and loans: FFIEC and NCUA Call Reports (see the loan-mix section). Home loans: FFIEC/CFPB HMDA data.
Other certified CDFIs in Greenville and South Carolina
- CommunityWorksLoan fund · Greenville, SCCredit-builder loans, Microloans, Small-business loansVerified
- Berkeley Community Federal Credit UnionCredit union · Moncks Corner, SCAuto / vehicle loans, Personal / consumer loansVerified
- Business Development Corp of SCLoan fund · Columbia, SCCommercial real estate loans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- CLIMB FundLoan fund · Charleston, SCCommercial real estate loans, Microloans, Small-business loansVerified
- Carolina Foothills FCUCredit union · Spartanburg, SCAuto / vehicle loans, Commercial real estate loans, Credit-builder loans, Equipment loans…Verified
- EDISTO FEDERAL CREDIT UNIONCredit union · Orangeburg, SCVerified
Work at Spero Financial Federal Credit Union? Link to this page
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