Mar, 31, 2022 — PALMETTO CITIZENS FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBIA, SC with 15 branch locations and about $1.32 billion in total assets. Opened 86 years ago in 1936, PALMETTO CITIZENS FEDERAL CREDIT UNION has about 78,156 members and employs 291 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PALMETTO CITIZENS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1320 Washington St COLUMBIA, SC 29201-3382 |
| Phone: | (803) 779-1232 |
| Fax: | (803) 376-2674 |
| Website: | http://www.palmettocitizens.org |
| Branches: | 15 branch locations |
| Members: | 78,156 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1472 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,323,058,485 |
| CEO/Manager: | Nicholas Wodogaza |
| Chairperson: | Steve Hamm |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 99,852,593 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 219,984 |
| Real Estate Loans | 327,353,046 |
| Unsecured Loans | 76,227,119 |
| Other Loans | 219,171,681 |
| TOTAL LOANS | 623,878,321 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,674,327 |
| Land And Building | 26,829,973 |
| Other Fixed Assets | 6,486,726 |
| NCUSIF Deposit | 9,372,858 |
| All Other Assets | 583,456 |
| TOTAL ASSETS | 1,323,058,485 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,420 |
| Notes & Interest Payable | 101,473,214 |
| Accounts Payable & Other Liabilities | 17,375,066 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 276,046,136 |
| Regular shares | 292,419,123 |
| All Other Shares & Deposits | 515,493,174 |
| TOTAL SHARES & DEPOSITS | 1,083,958,433 |
| TOTAL LIABILITIES | 1,202,809,133 |
| Regular Reserve | 0 |
| Other Reserves | -11,022,124 |
| Undivided Earnings | 131,271,476 |
| TOTAL EQUITY | 120,249,352 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,323,058,485 |
| INCOME & EXPENSE | |
| Loan Income | 8,011,619 |
| Investment Income | 927,808 |
| Other Income | 2,769,030 |
| Total Employee Compensation & Benefits | 5,163,476 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,026,218 |
| Non-operating Income & (Expense) | 57,469 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 257,120 |
| Cost of Funds | 1,502,503 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,921,636 |
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