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National Credit Union Service Organization

PALMETTO HEALTH CREDIT UNION

Jun, 30, 2021 — PALMETTO HEALTH CREDIT UNION is a federally insured state chartered credit union headquartered in Columbia, SC with 4 branch locations and about $93.40 million in total assets. Opened 57 years ago in 1964, PALMETTO HEALTH CREDIT UNION has about 11,319 members and employs 24 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)
PO Box 100167
Columbia, SC 29202-3167
Phone:(803) 978-2101
Fax:(803) 704-1008
Website:http://www.palmettohealthcu.org
Branches:4 branch locations
Members:11,319
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:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$93,403,565
CEO/Manager:Hansel B Hart
Chairperson:Timothy Walker

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 28,011,228
TOTAL INVESTMENTS 20,084,463
Loans Held for Sale 0
 
 Real Estate Loans 4,656,682
 Unsecured Loans 5,869,341
 Other Loans 29,461,013
 TOTAL LOANS 39,987,036
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -736,446
 Land And Building 1,823,002
 Other Fixed Assets 708,253
 NCUSIF Deposit 679,467
 All Other Assets 2,846,562
  TOTAL ASSETS 93,403,565
LIABILITIES & CAPITAL:  
 Dividends Payable 351
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 620,176
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,798,953
 Regular shares 43,732,757
 All Other Shares & Deposits 9,876,290
  TOTAL SHARES & DEPOSITS 78,408,000
  TOTAL LIABILITIES 79,028,527
 Regular Reserve 2,767,529
 Other Reserves 230,978
 Undivided Earnings 11,376,531
  TOTAL EQUITY 14,375,038
  TOTAL LIABILITIES, SHARES, & EQUITY 93,403,565
INCOME & EXPENSE  
 Loan Income 1,058,312
 Investment Income 129,936
 Other Income 807,821
 Total Employee Compensation & Benefits 852,934
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,245,452
 Non-operating Income & (Expense) 250
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 81,000
 Cost of Funds 104,795
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 318,919
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