Dec, 31, 2023 — PLANTERS FEDERAL CREDIT UNION is a federal credit union headquartered in SUFFOLK, VA with 1 branch location and about $2.59 million in total assets. Opened 51 years ago in 1973, PLANTERS FEDERAL CREDIT UNION has about 503 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PLANTERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 245 Culloden St SUFFOLK, VA 23434 |
| Phone: | (757) 925-3100 |
| Fax: | (757) 925-3084 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 503 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21367 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1973 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,592,627 |
| CEO/Manager: | Linda K Taylor |
| Chairperson: | Larry Thompson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 885,947 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 399,922 |
| Other Loans | 778,971 |
| TOTAL LOANS | 1,178,893 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,405 |
| Land And Building | 0 |
| Other Fixed Assets | 17,524 |
| NCUSIF Deposit | 23,785 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,592,627 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,685 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 22,298 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,064,304 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 2,064,304 |
| TOTAL LIABILITIES | 2,094,287 |
| Regular Reserve | 0 |
| Other Reserves | 67,248 |
| Undivided Earnings | 431,092 |
| TOTAL EQUITY | 498,340 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,592,627 |
| INCOME & EXPENSE | |
| Loan Income | 132,918 |
| Investment Income | 36,077 |
| Other Income | 12,307 |
| Total Employee Compensation & Benefits | 100,908 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 31,740 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,743 |
| Cost of Funds | 30,839 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -7,497 |
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