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scu.sc
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Definitions (58)
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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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