Dec, 31, 2020 — PALMETTO CITIZENS FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBIA, SC with 15 branch locations and about $1.14 billion in total assets. Opened 85 years ago in 1936, PALMETTO CITIZENS FEDERAL CREDIT UNION has about 72,491 members and employs 305 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 |
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Address: (Main Office) | P.O. BOX 5846 COLUMBIA, SC 29250 |
Phone: | (803) 779-1232 |
Fax: | (803) 376-2674 |
Website: | http://www.palmettocitizens.org |
Branches: | 15 branch locations |
Members: | 72,491 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1472 |
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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, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,142,994,248 |
CEO/Manager: | Nicholas Wodogaza |
Chairperson: | William Guy |
ASSETS: | $ Amount |
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Cash & Equivalents | 111,971,917 |
TOTAL INVESTMENTS | 382,552,759 |
Loans Held for Sale | 160,201 |
Real Estate Loans | 301,713,243 |
Unsecured Loans | 76,256,177 |
Other Loans | 207,386,898 |
TOTAL LOANS | 585,356,318 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,913,286 |
Land And Building | 27,701,779 |
Other Fixed Assets | 3,932,007 |
NCUSIF Deposit | 7,786,931 |
All Other Assets | 27,445,622 |
TOTAL ASSETS | 1,142,994,248 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 804,229 |
Notes & Interest Payable | 112,785,064 |
Accounts Payable & Other Liabilities | 14,621,765 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 226,389,468 |
Regular shares | 219,683,382 |
All Other Shares & Deposits | 444,843,100 |
TOTAL SHARES & DEPOSITS | 890,915,950 |
TOTAL LIABILITIES | 1,019,127,008 |
Regular Reserve | 4,746,878 |
Other Reserves | 2,312,351 |
Undivided Earnings | 116,808,011 |
TOTAL EQUITY | 123,867,240 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,142,994,248 |
INCOME & EXPENSE | |
Loan Income | 28,178,551 |
Investment Income | 5,234,667 |
Other Income | 16,992,551 |
Total Employee Compensation & Benefits | 17,786,179 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,764,824 |
Non-operating Income & (Expense) | 74,458 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,061,047 |
Cost of Funds | 8,040,034 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 7,828,143 |
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