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 |
| 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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