scu.sc

Website:https://www.scu.sc
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Definitions (58)

1

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credit committee


A group of SCU members with the responsibility to approve or reject loan requests.
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account


A depository or credit relationship between a customer and a financial institution that includes, savings, credit or fixed deposits.
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account activity


A summary of activities on an account, including starting balance, payments and credits.
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account number


The unique number given to your current account. You’ll find it on your bank statements.
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accrued interest


Interest earned, but not yet due or payable.
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amortization


The process of paying off a debt.
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appraisal


An estimate of value of property.
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audit


An examination of the books and records of an organization.
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assets


Personal possessions of value, including cash, properties and investments.
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attachment


The seizure of property, used as collateral for a loan through legal action.
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