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PICKENS FEDERAL CREDIT UNION

Jun, 30, 2021 — PICKENS FEDERAL CREDIT UNION is a federal credit union headquartered in PICKENS, SC with 1 branch location and about $27.77 million in total assets. Opened 60 years ago in 1961, PICKENS FEDERAL CREDIT UNION has about 2,842 members and employs 5 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:2,842
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$27,769,721
CEO/Manager:Clayton V Kerr
Chairperson:Phil Reece

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,615,378
TOTAL INVESTMENTS 4,350,690
Loans Held for Sale 0
 
 Real Estate Loans 3,355,798
 Unsecured Loans 159,843
 Other Loans 6,447,051
 TOTAL LOANS 9,962,692
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -85,690
 Land And Building 539,617
 Other Fixed Assets 26,734
 NCUSIF Deposit 197,801
 All Other Assets 162,499
  TOTAL ASSETS 27,769,721
LIABILITIES & CAPITAL:  
 Dividends Payable 1,018
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 92,061
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,346,687
 Regular shares 16,058,818
 All Other Shares & Deposits 2,169,243
  TOTAL SHARES & DEPOSITS 23,574,748
  TOTAL LIABILITIES 23,667,827
 Regular Reserve 1,370,903
 Other Reserves 0
 Undivided Earnings 2,730,991
  TOTAL EQUITY 4,101,894
  TOTAL LIABILITIES, SHARES, & EQUITY 27,769,721
INCOME & EXPENSE  
 Loan Income 261,335
 Investment Income 35,295
 Other Income 58,982
 Total Employee Compensation & Benefits 184,016
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 121,695
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -5,461
 Cost of Funds 3,253
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 63,866
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