State Treasurer Curtis Loftis welcomed two new appointees to the South Carolina Board of Financial Institutions as part of the board’s monthly meeting. Billy Byrd and Charles “Chuck” H. Stuart were confirmed by the Senate last month to serve four-year terms on the state board.

Byrd serves as the chief financial officer for SPC Credit Union, a role he began in 2002. He previously served as CFO for Bowater Federal Credit Union and the Georgetown Kraft Credit Union. A Newberry College graduate, Byrd is active in his home community of Hartsville and is the proud father of five children.

Stuart is the executive vice president of mortgage banking at First Reliance Bank, where he is responsible for all residential mortgage lending activities. He is a member of the Mortgage Bankers Association and is currently serving on the Board of Mortgage Bankers of the Carolinas. A Certified Financial Services Auditor, Stuart is also a member of the Institute of Internal Auditors.

“We look forward to having Billy and Chuck serve on the board as we continue to monitor and support the state’s financial services industry,” said State Treasurer Curtis Loftis, who serves as chairman of the Board of Financial Institutions. “Representing the credit union and mortgage lending sectors respectively, they bring a fresh perspective that will benefit the Board’s ongoing work.”

The 11-member State Board of Financial Institutions is responsible for the supervision, licensing and examination of all state-chartered banks, savings and loan associations, savings banks, credit unions, trust companies, development corporations, consumer finance companies, deferred-presentment companies and regular check-cashing companies.