PICKENS FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://pickensfcu.org for more information.
Dec, 31, 2023 — PICKENS FEDERAL CREDIT UNION is a federal credit union headquartered in PICKENS, SC with 2 branch locations and about $28.31 million in total assets. Opened 63 years ago in 1961, PICKENS FEDERAL CREDIT UNION has about 2,750 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PICKENS FEDERAL CREDIT UNION |
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Address: (Main Office) | PO BOX 218 PICKENS, SC 29671 |
Phone: | (864) 898-5009 |
Fax: | (864) 898-0407 |
Website: | https://pickensfcu.org |
Branches: | 2 branch locations |
Members: | 2,750 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14169 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $28,307,849 |
CEO/Manager: | Clayton V Kerr |
Chairperson: | Phil Reece |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,020,222 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,106,106 |
Unsecured Loans | 118,861 |
Other Loans | 7,161,705 |
TOTAL LOANS | 10,386,672 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,564 |
Land And Building | 524,146 |
Other Fixed Assets | 13,121 |
NCUSIF Deposit | 213,281 |
All Other Assets | 0 |
TOTAL ASSETS | 28,307,849 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 732 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 185,357 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,299,962 |
Regular shares | 16,367,231 |
All Other Shares & Deposits | 2,163,581 |
TOTAL SHARES & DEPOSITS | 23,830,774 |
TOTAL LIABILITIES | 24,016,863 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,290,986 |
TOTAL EQUITY | 4,290,986 |
TOTAL LIABILITIES, SHARES, & EQUITY | 28,307,849 |
INCOME & EXPENSE | |
Loan Income | 390,231 |
Investment Income | 142,721 |
Other Income | 90,116 |
Total Employee Compensation & Benefits | 312,575 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 193,124 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,357 |
Cost of Funds | 4,510 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 121,557 |
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