Sep, 30, 2025 — PANHANDLE CREDIT UNION is a federally insured state chartered credit union headquartered in PANAMA CITY, FL with 7 branch locations and about $349.13 million in total assets. Opened 69 years ago in 1957, PANHANDLE CREDIT UNION has about 16,220 members and employs 75 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PANHANDLE CREDIT UNION |
|---|---|
| Address: (Main Office) | 2718 Martin Luther King Jr Blvd PANAMA CITY, FL 32405-4408 |
| Phone: | (850) 769-3306 |
| Fax: | (850) 769-8660 |
| Website: | https://www.panhandlecu.org |
| Branches: | 7 branch locations |
| Members: | 16,220 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68720 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Sep 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $349,126,786 |
| CEO/Manager: | Justin Hall |
| Chairperson: | Herman G Daniels |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 39,727,513 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 270,276 |
| Real Estate Loans | 117,985,164 |
| Unsecured Loans | 9,111,941 |
| Other Loans | 66,632,989 |
| TOTAL LOANS | 202,651,521 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,074,015 |
| Land And Building | 10,451,086 |
| Other Fixed Assets | 1,000,117 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,642,319 |
| All Other Assets | 3,327 |
| TOTAL ASSETS | 349,126,786 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,106,390 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 77,465,579 |
| Regular shares | 101,009,296 |
| All Other Shares & Deposits | 121,793,244 |
| TOTAL SHARES & DEPOSITS | 300,268,120 |
| TOTAL LIABILITIES | 304,470,982 |
| Regular Reserve | 0 |
| Other Reserves | -1,048,294 |
| Undivided Earnings | 45,704,098 |
| TOTAL EQUITY | 44,655,804 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 349,126,786 |
| INCOME & EXPENSE | |
| Loan Income | 9,656,719 |
| Investment Income | 2,808,647 |
| Other Income | 1,284,947 |
| Total Employee Compensation & Benefits | 5,134,823 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,657,640 |
| Non-operating Income & (Expense) | 32,467 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 503,286 |
| Cost of Funds | 2,824,121 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,686,103 |
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