Mar, 31, 2021 — PALMETTO CITIZENS FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBIA, SC with 15 branch locations and about $1.22 billion in total assets. Opened 85 years ago in 1936, PALMETTO CITIZENS FEDERAL CREDIT UNION has about 74,271 members and employs 304 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) | 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: | 74,271 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,217,792,944 |
| CEO/Manager: | Nicholas Wodogaza |
| Chairperson: | Steve Hamm |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 134,414,840 |
| TOTAL INVESTMENTS | 432,593,996 |
| Loans Held for Sale | 91,000 |
| Real Estate Loans | 309,075,639 |
| Unsecured Loans | 75,372,014 |
| Other Loans | 210,891,894 |
| TOTAL LOANS | 595,339,547 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,444,298 |
| Land And Building | 27,503,541 |
| Other Fixed Assets | 5,786,268 |
| NCUSIF Deposit | 7,786,931 |
| All Other Assets | 17,721,119 |
| TOTAL ASSETS | 1,217,792,944 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 641,613 |
| Notes & Interest Payable | 111,767,330 |
| Accounts Payable & Other Liabilities | 13,477,589 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 251,435,886 |
| Regular shares | 252,789,698 |
| All Other Shares & Deposits | 462,504,640 |
| TOTAL SHARES & DEPOSITS | 966,730,224 |
| TOTAL LIABILITIES | 1,092,616,756 |
| Regular Reserve | 4,746,878 |
| Other Reserves | 1,034,961 |
| Undivided Earnings | 119,394,349 |
| TOTAL EQUITY | 125,176,188 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,217,792,944 |
| INCOME & EXPENSE | |
| Loan Income | 7,098,793 |
| Investment Income | 973,282 |
| Other Income | 2,726,878 |
| Total Employee Compensation & Benefits | 4,603,434 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,889,565 |
| Non-operating Income & (Expense) | 19,572 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -132,372 |
| Cost of Funds | 1,696,658 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,586,339 |
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