Dec, 31, 2023 — PALACE CITY FEDERAL CREDIT UNION is a federal credit union headquartered in MITCHELL, SD with 1 branch location and about $14.61 million in total assets. Opened 65 years ago in 1959, PALACE CITY FEDERAL CREDIT UNION has about 1,611 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PALACE CITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 720 W Havens Ave MITCHELL, SD 57301 |
Phone: | (605) 996-9211 |
Fax: | (605) 996-3957 |
Website: | https://www.palacecitycu.org |
Branches: | 1 branch locations |
Members: | 1,611 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13103 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Jan 01, 2024 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,614,926 |
CEO/Manager: | ANDREW PRIEBE |
Chairperson: | Lisa Neugebauer |
ASSETS: | $ Amount |
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Cash & Equivalents | 989,173 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,529,945 |
Unsecured Loans | 220,455 |
Other Loans | 6,378,929 |
TOTAL LOANS | 8,129,329 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,763 |
Land And Building | 151,802 |
Other Fixed Assets | 16,718 |
NCUSIF Deposit | 142,484 |
All Other Assets | 0 |
TOTAL ASSETS | 14,614,926 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 45,459 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,861,656 |
Regular shares | 9,485,277 |
All Other Shares & Deposits | 1,737,081 |
TOTAL SHARES & DEPOSITS | 13,084,014 |
TOTAL LIABILITIES | 13,129,473 |
Regular Reserve | 0 |
Other Reserves | 185,528 |
Undivided Earnings | 1,299,925 |
TOTAL EQUITY | 1,485,453 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,614,926 |
INCOME & EXPENSE | |
Loan Income | 429,116 |
Investment Income | 190,335 |
Other Income | 38,185 |
Total Employee Compensation & Benefits | 306,110 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 225,835 |
Non-operating Income & (Expense) | 59,308 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 89,594 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 113,578 |
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» See also Statement of Financial Condition