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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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