Jun, 30, 2024 — PALMETTO HEALTH CREDIT UNION is a federally insured state chartered credit union headquartered in COLUMBIA, SC with 4 branch locations and about $97.41 million in total assets. Opened 61 years ago in 1964, PALMETTO HEALTH CREDIT UNION has about 10,518 members and employs 23 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: | 10,518 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $97,405,564 |
| CEO/Manager: | Hansel B Hart |
| Chairperson: | Timothy Walker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,117,788 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,967,670 |
| Unsecured Loans | 7,845,022 |
| Other Loans | 29,650,395 |
| TOTAL LOANS | 42,463,087 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -733,104 |
| Land And Building | 1,775,754 |
| Other Fixed Assets | 489,991 |
| NCUSIF Deposit | 748,818 |
| All Other Assets | 0 |
| TOTAL ASSETS | 97,405,564 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 326 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,052,961 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,984,048 |
| Regular shares | 45,699,451 |
| All Other Shares & Deposits | 9,831,215 |
| TOTAL SHARES & DEPOSITS | 82,514,714 |
| TOTAL LIABILITIES | 83,568,001 |
| Regular Reserve | 0 |
| Other Reserves | -1,980,382 |
| Undivided Earnings | 15,817,945 |
| TOTAL EQUITY | 13,837,563 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 97,405,564 |
| INCOME & EXPENSE | |
| Loan Income | 1,697,554 |
| Investment Income | 461,177 |
| Other Income | 1,209,760 |
| Total Employee Compensation & Benefits | 1,291,559 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,030,859 |
| Non-operating Income & (Expense) | 172,772 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 72,500 |
| Cost of Funds | 125,280 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 987,955 |
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