Dec, 31, 2023 — PALMETTO HEALTH CREDIT UNION is a federally insured state chartered credit union headquartered in COLUMBIA, SC with 4 branch locations and about $92.30 million in total assets. Opened 60 years ago in 1964, PALMETTO HEALTH CREDIT UNION has about 10,169 members and employs 21 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 HEALTH CREDIT UNION |
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Address: (Main Office) | 1205 Colonial Life Blvd W COLUMBIA, SC 29210 |
Phone: | (803) 978-2101 |
Fax: | (803) 704-1008 |
Website: | https://www.palmettohealthcu.org |
Branches: | 4 branch locations |
Members: | 10,169 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61260 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $92,297,857 |
CEO/Manager: | Hansel B Hart |
Chairperson: | BJ Traynum |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,394,391 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,098,146 |
Unsecured Loans | 8,732,139 |
Other Loans | 34,028,442 |
TOTAL LOANS | 48,858,727 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -668,361 |
Land And Building | 1,732,171 |
Other Fixed Assets | 399,862 |
NCUSIF Deposit | 715,787 |
All Other Assets | 0 |
TOTAL ASSETS | 92,297,857 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,520 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,614,142 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,845,785 |
Regular shares | 40,862,287 |
All Other Shares & Deposits | 9,494,881 |
TOTAL SHARES & DEPOSITS | 74,202,953 |
TOTAL LIABILITIES | 75,819,615 |
Regular Reserve | 0 |
Other Reserves | -1,301,363 |
Undivided Earnings | 17,779,605 |
TOTAL EQUITY | 16,478,242 |
TOTAL LIABILITIES, SHARES, & EQUITY | 92,297,857 |
INCOME & EXPENSE | |
Loan Income | 2,844,408 |
Investment Income | 1,063,503 |
Other Income | 1,491,431 |
Total Employee Compensation & Benefits | 1,931,925 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,002,860 |
Non-operating Income & (Expense) | 800 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 145,500 |
Cost of Funds | 262,095 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,611,356 |
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