Mar, 31, 2021 — PICKENS FEDERAL CREDIT UNION is a federal credit union headquartered in PICKENS, SC with 1 branch location and about $27.21 million in total assets. Opened 60 years ago in 1961, PICKENS FEDERAL CREDIT UNION has about 2,854 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: | 2,854 |
| 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: | $27,211,686 |
| CEO/Manager: | Clayton V Kerr |
| Chairperson: | Phil Reece |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,751,415 |
| TOTAL INVESTMENTS | 6,598,690 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,437,585 |
| Unsecured Loans | 157,400 |
| Other Loans | 6,482,527 |
| TOTAL LOANS | 10,077,512 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,263 |
| Land And Building | 542,734 |
| Other Fixed Assets | 30,085 |
| NCUSIF Deposit | 170,680 |
| All Other Assets | 128,833 |
| TOTAL ASSETS | 27,211,686 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,272 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 105,784 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,454,320 |
| Regular shares | 15,489,262 |
| All Other Shares & Deposits | 2,090,058 |
| TOTAL SHARES & DEPOSITS | 23,033,640 |
| TOTAL LIABILITIES | 23,140,696 |
| Regular Reserve | 1,370,903 |
| Other Reserves | 0 |
| Undivided Earnings | 2,700,087 |
| TOTAL EQUITY | 4,070,990 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,211,686 |
| INCOME & EXPENSE | |
| Loan Income | 131,575 |
| Investment Income | 19,905 |
| Other Income | 30,688 |
| Total Employee Compensation & Benefits | 93,755 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 62,271 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -917 |
| Cost of Funds | 1,553 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 32,962 |
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