Dec, 31, 2023 — PALMETTO CITIZENS FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBIA, SC with 15 branch locations and about $1.28 billion in total assets. Opened 88 years ago in 1936, PALMETTO CITIZENS FEDERAL CREDIT UNION has about 82,893 members and employs 309 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PALMETTO CITIZENS FEDERAL CREDIT UNION |
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Address: (Main Office) | 1320 Washington St COLUMBIA, SC 29201-3382 |
Phone: | (803) 779-1232 |
Fax: | (803) 376-2674 |
Website: | https://www.palmettocitizens.org |
Branches: | 15 branch locations |
Members: | 82,893 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1472 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,283,757,800 |
CEO/Manager: | Robert Dozier |
Chairperson: | Steve Hamm |
ASSETS: | $ Amount |
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Cash & Equivalents | 100,287,419 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 167,200 |
Real Estate Loans | 377,176,738 |
Unsecured Loans | 99,023,422 |
Other Loans | 286,985,639 |
TOTAL LOANS | 763,562,574 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,911,096 |
Land And Building | 25,790,787 |
Other Fixed Assets | 5,740,296 |
NCUSIF Deposit | 10,311,768 |
All Other Assets | 820,475 |
TOTAL ASSETS | 1,283,757,800 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 445,456 |
Notes & Interest Payable | 91,800,000 |
Accounts Payable & Other Liabilities | 21,293,588 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 266,951,841 |
Regular shares | 272,800,391 |
All Other Shares & Deposits | 489,874,924 |
TOTAL SHARES & DEPOSITS | 1,029,627,157 |
TOTAL LIABILITIES | 1,143,173,026 |
Regular Reserve | 0 |
Other Reserves | -14,169,093 |
Undivided Earnings | 154,753,867 |
TOTAL EQUITY | 140,584,774 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,283,757,800 |
INCOME & EXPENSE | |
Loan Income | 41,402,560 |
Investment Income | 6,873,454 |
Other Income | 13,564,226 |
Total Employee Compensation & Benefits | 22,223,989 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 20,162,115 |
Non-operating Income & (Expense) | 192,681 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,924,071 |
Cost of Funds | 11,836,087 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 16,384,411 |
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