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PALACE CITY FEDERAL CREDIT UNION

Mar, 31, 2021 — PALACE CITY FEDERAL CREDIT UNION is a federal credit union headquartered in Mitchell, SD with 1 branch location and about $13.80 million in total assets. Opened 62 years ago in 1959, PALACE CITY FEDERAL CREDIT UNION has about 1,637 members and employs 4 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
Address:
(Main Office)
720 West Havens Ave
Mitchell, SD 57301
Phone:(605) 996-9211
Fax:(605) 996-3957
Website:http://www.palacecitycu.org
Branches:1 branch locations
Members:1,637
Credit Union Type:Federal Credit Union
Charter Number:13103
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1959
Last Audited:Aug 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$13,796,486
CEO/Manager:ANDREW PRIEBE
Chairperson:Lisa Neugebauer

Call Report

  • Real Estate Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,144,325
TOTAL INVESTMENTS 1,327,172
Loans Held for Sale 0
 
 Real Estate Loans 503,545
 Unsecured Loans 129,902
 Other Loans 4,455,068
 TOTAL LOANS 5,088,515
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -29,345
 Land And Building 160,495
 Other Fixed Assets 8,004
 NCUSIF Deposit 98,342
 All Other Assets -1,022
  TOTAL ASSETS 13,796,486
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,268
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,941,405
 Regular shares 9,862,193
 All Other Shares & Deposits 609,904
  TOTAL SHARES & DEPOSITS 12,413,502
  TOTAL LIABILITIES 12,419,770
 Regular Reserve 185,527
 Other Reserves 0
 Undivided Earnings 1,191,189
  TOTAL EQUITY 1,376,716
  TOTAL LIABILITIES, SHARES, & EQUITY 13,796,486
INCOME & EXPENSE  
 Loan Income 61,162
 Investment Income 10,566
 Other Income 8,332
 Total Employee Compensation & Benefits 55,027
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 45,795
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 12,456
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -13,538
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