Sep, 30, 2025 — LATITUDE 32 FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, SC with 2 branch locations and about $67.22 million in total assets. Opened 74 years ago in 1952, LATITUDE 32 FEDERAL CREDIT UNION has about 6,314 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LATITUDE 32 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1845 Sam Rittenberg Blvd CHARLESTON, SC 29407 |
| Phone: | (843) 556-4809 |
| Fax: | (843) 556-2868 |
| Website: | https://www.latitude32.org |
| Branches: | 2 branch locations |
| Members: | 6,314 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8059 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $67,216,451 |
| CEO/Manager: | Marcus R Rhymer |
| Chairperson: | Chris J Quick |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,924,857 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 47,695 |
| Unsecured Loans | 1,372,660 |
| Other Loans | 42,191,719 |
| TOTAL LOANS | 43,612,074 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -186,078 |
| Land And Building | 298,201 |
| Other Fixed Assets | 63,239 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 537,330 |
| All Other Assets | 0 |
| TOTAL ASSETS | 67,216,451 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 450,304 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,421,260 |
| Regular shares | 32,477,503 |
| All Other Shares & Deposits | 10,039,667 |
| TOTAL SHARES & DEPOSITS | 56,938,430 |
| TOTAL LIABILITIES | 57,388,734 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,827,717 |
| TOTAL EQUITY | 9,827,717 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 67,216,451 |
| INCOME & EXPENSE | |
| Loan Income | 1,899,561 |
| Investment Income | 619,248 |
| Other Income | 598,272 |
| Total Employee Compensation & Benefits | 1,116,369 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,079,671 |
| Non-operating Income & (Expense) | 1,296 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 84,171 |
| Cost of Funds | 179,004 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 728,560 |
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