Dec, 31, 2023 — PANHANDLE CREDIT UNION is a federally insured state chartered credit union headquartered in PANAMA CITY, FL with 7 branch locations and about $307.34 million in total assets. Opened 67 years ago in 1957, PANHANDLE CREDIT UNION has about 15,621 members and employs 69 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: | 15,621 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $307,340,662 |
| CEO/Manager: | Justin Hall |
| Chairperson: | Herman G Daniels |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 34,443,408 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 102,951,933 |
| Unsecured Loans | 8,548,339 |
| Other Loans | 69,963,277 |
| TOTAL LOANS | 185,948,034 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,306,765 |
| Land And Building | 11,207,120 |
| Other Fixed Assets | 838,349 |
| NCUSIF Deposit | 2,451,625 |
| All Other Assets | 160,490 |
| TOTAL ASSETS | 307,340,662 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,815,206 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 74,707,606 |
| Regular shares | 103,290,161 |
| All Other Shares & Deposits | 88,629,345 |
| TOTAL SHARES & DEPOSITS | 266,627,112 |
| TOTAL LIABILITIES | 269,538,872 |
| Regular Reserve | 0 |
| Other Reserves | -2,305,752 |
| Undivided Earnings | 40,107,542 |
| TOTAL EQUITY | 37,801,790 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 307,340,662 |
| INCOME & EXPENSE | |
| Loan Income | 9,719,928 |
| Investment Income | 3,045,085 |
| Other Income | 1,638,577 |
| Total Employee Compensation & Benefits | 5,268,931 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,025,682 |
| Non-operating Income & (Expense) | 39,509 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 143,054 |
| Cost of Funds | 2,217,324 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,461,560 |
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