Dec, 31, 2021 — PRIME CARE INCORPORATED CREDIT UNION is a federally insured state chartered credit union headquartered in NORFOLK, VA with 2 branch locations and about $24.92 million in total assets. Opened 52 years ago in 1970, PRIME CARE INCORPORATED CREDIT UNION has about 4,141 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PRIME CARE INCORPORATED CREDIT UNION |
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Address: (Main Office) | 600 Gresham Dr NORFOLK, VA 23507 |
Phone: | (757) 388-3834 |
Fax: | (757) 388-2698 |
Website: | http://primecarecu.org |
Branches: | 2 branch locations |
Members: | 4,141 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61576 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $24,924,348 |
CEO/Manager: | Terry J Lambert |
Chairperson: | James MacCord |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,934,487 |
TOTAL INVESTMENTS | 14,040,325 |
Loans Held for Sale | 0 |
Real Estate Loans | 339,041 |
Unsecured Loans | 1,412,623 |
Other Loans | 4,926,745 |
TOTAL LOANS | 6,678,409 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,606 |
Land And Building | 0 |
Other Fixed Assets | 7,763 |
NCUSIF Deposit | 206,914 |
All Other Assets | 84,056 |
TOTAL ASSETS | 24,924,348 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,494 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 124,372 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,343,593 |
Regular shares | 16,147,379 |
All Other Shares & Deposits | 2,450,748 |
TOTAL SHARES & DEPOSITS | 21,941,720 |
TOTAL LIABILITIES | 22,069,586 |
Regular Reserve | 233,711 |
Other Reserves | 0 |
Undivided Earnings | 2,621,051 |
TOTAL EQUITY | 2,854,762 |
TOTAL LIABILITIES, SHARES, & EQUITY | 24,924,348 |
INCOME & EXPENSE | |
Loan Income | 258,568 |
Investment Income | 128,416 |
Other Income | 296,911 |
Total Employee Compensation & Benefits | 362,000 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 362,987 |
Non-operating Income & (Expense) | 51,080 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,500 |
Cost of Funds | 18,098 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,669 |
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