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PALMETTO HEALTH CREDIT UNION

Jun, 30, 2023 — 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 60 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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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