Dec, 31, 2023 — PALMETTO FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in FLORENCE, SC with 2 branch locations and about $57.49 million in total assets. Opened 71 years ago in 1953, PALMETTO FIRST FEDERAL CREDIT UNION has about 6,298 members and employs 17 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 FIRST FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 1722 Gregg Ave FLORENCE, SC 29501 |
Phone: | (843) 669-5619 |
Fax: | (843) 669-6931 |
Website: | https://www.palmettofirst.com |
Branches: | 2 branch locations |
Members: | 6,298 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24491 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $57,488,901 |
CEO/Manager: | Angela Burr |
Chairperson: | Kathryn M Roach |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 6,826,806 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,491,895 |
Unsecured Loans | 7,896,667 |
Other Loans | 26,428,617 |
TOTAL LOANS | 38,817,179 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -838,175 |
Land And Building | 569,283 |
Other Fixed Assets | 69,330 |
NCUSIF Deposit | 462,985 |
All Other Assets | 16,164 |
TOTAL ASSETS | 57,488,901 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 179,644 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 13,762,626 |
Regular shares | 17,939,552 |
All Other Shares & Deposits | 14,977,777 |
TOTAL SHARES & DEPOSITS | 46,679,955 |
TOTAL LIABILITIES | 46,859,599 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 10,629,302 |
TOTAL EQUITY | 10,629,302 |
TOTAL LIABILITIES, SHARES, & EQUITY | 57,488,901 |
INCOME & EXPENSE | |
Loan Income | 2,887,416 |
Investment Income | 644,700 |
Other Income | 581,514 |
Total Employee Compensation & Benefits | 1,314,740 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,474,444 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 422,400 |
Cost of Funds | 322,868 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,172,773 |
↑ Back to Top |