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 |
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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 |
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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 |
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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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