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PALACE CITY FEDERAL CREDIT UNION

Dec, 31, 2020 — PALACE CITY FEDERAL CREDIT UNION is a federal credit union headquartered in Mitchell, SD with 1 branch location and about $12.68 million in total assets. Opened 62 years ago in 1959, PALACE CITY FEDERAL CREDIT UNION has about 1,636 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:1,636
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$12,680,931
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 5,160,333
TOTAL INVESTMENTS 2,127,155
Loans Held for Sale 0
 
 Real Estate Loans 566,006
 Unsecured Loans 180,307
 Other Loans 4,406,985
 TOTAL LOANS 5,153,298
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,777
 Land And Building 161,477
 Other Fixed Assets 8,278
 NCUSIF Deposit 98,342
 All Other Assets 825
  TOTAL ASSETS 12,680,931
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,928
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,725,893
 Regular shares 8,911,451
 All Other Shares & Deposits 646,405
  TOTAL SHARES & DEPOSITS 11,283,749
  TOTAL LIABILITIES 11,290,677
 Regular Reserve 185,527
 Other Reserves 0
 Undivided Earnings 1,204,727
  TOTAL EQUITY 1,390,254
  TOTAL LIABILITIES, SHARES, & EQUITY 12,680,931
INCOME & EXPENSE  
 Loan Income 271,503
 Investment Income 95,505
 Other Income 101,190
 Total Employee Compensation & Benefits 248,992
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 171,086
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,160
 Cost of Funds 26,085
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,875
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