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PALMETTO HEALTH CREDIT UNION

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
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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