Jun, 30, 2024 — 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 54 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 |
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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 |
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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: | $26,127,379 |
CEO/Manager: | Terry J Lambert |
Chairperson: | James MacCord |
ASSETS: | $ Amount |
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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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