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PICKENS FEDERAL CREDIT UNION

Dec, 31, 2020 — PICKENS FEDERAL CREDIT UNION is a federal credit union headquartered in PICKENS, SC with 1 branch location and about $24.26 million in total assets. Opened 60 years ago in 1961, PICKENS FEDERAL CREDIT UNION has about 2,870 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:PICKENS FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 218
PICKENS, SC 29671
Phone:(864) 898-5009
Fax:(864) 898-0407
Website:http://pickensfcu.org
Branches:1 branch locations
Members:2,870
Credit Union Type:Federal Credit Union
Charter Number:14169
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$24,258,187
CEO/Manager:Clayton V Kerr
Chairperson:Phil Reece

Call Report

  • Commercial Loans
  • Credit Builder
  • Micro Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Individual Development Accounts
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,998,900
TOTAL INVESTMENTS 7,093,690
Loans Held for Sale 0
 
 Real Estate Loans 3,455,130
 Unsecured Loans 183,443
 Other Loans 6,687,832
 TOTAL LOANS 10,375,158
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -88,768
 Land And Building 545,850
 Other Fixed Assets 33,502
 NCUSIF Deposit 170,680
 All Other Assets 129,175
  TOTAL ASSETS 24,258,187
LIABILITIES & CAPITAL:  
 Dividends Payable 1,917
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 109,923
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,571,986
 Regular shares 13,459,951
 All Other Shares & Deposits 2,076,382
  TOTAL SHARES & DEPOSITS 20,108,319
  TOTAL LIABILITIES 20,220,159
 Regular Reserve 1,370,903
 Other Reserves 0
 Undivided Earnings 2,667,125
  TOTAL EQUITY 4,038,028
  TOTAL LIABILITIES, SHARES, & EQUITY 24,258,187
INCOME & EXPENSE  
 Loan Income 541,007
 Investment Income 142,443
 Other Income 178,059
 Total Employee Compensation & Benefits 432,064
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 266,632
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -17,195
 Cost of Funds 6,865
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 173,143
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