Jun, 30, 2023 — PRIME CARE INCORPORATED CREDIT UNION is a federally insured state chartered credit union headquartered in NORFOLK, VA with 2 branch locations and about $26.13 million in total assets. Opened 53 years ago in 1970, PRIME CARE INCORPORATED CREDIT UNION has about 3,950 members and employs 7 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 |
|---|---|
| Address: (Main Office) | 600 Gresham Dr NORFOLK, VA 23507 |
| Phone: | (757) 388-3834 |
| Fax: | (757) 388-2698 |
| Website: | https://primecarecu.org |
| Branches: | 2 branch locations |
| Members: | 3,950 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61576 |
|---|---|
| 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: | $26,127,379 |
| CEO/Manager: | Terry J Lambert |
| Chairperson: | James MacCord |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,556,767 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 306,849 |
| Unsecured Loans | 1,203,986 |
| Other Loans | 4,605,326 |
| TOTAL LOANS | 6,116,161 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,699 |
| Land And Building | 0 |
| Other Fixed Assets | 5,673 |
| NCUSIF Deposit | 219,417 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,127,379 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,346 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 166,788 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,977,411 |
| Regular shares | 17,048,708 |
| All Other Shares & Deposits | 2,121,965 |
| TOTAL SHARES & DEPOSITS | 23,148,084 |
| TOTAL LIABILITIES | 23,318,218 |
| Regular Reserve | 0 |
| Other Reserves | 233,711 |
| Undivided Earnings | 2,575,450 |
| TOTAL EQUITY | 2,809,161 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,127,379 |
| INCOME & EXPENSE | |
| Loan Income | 177,878 |
| Investment Income | 129,687 |
| Other Income | 223,367 |
| Total Employee Compensation & Benefits | 258,796 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 272,110 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 80,000 |
| Cost of Funds | 18,657 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -82,914 |
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