Dec, 31, 2023 — LATITUDE 32 FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, SC with 2 branch locations and about $65.07 million in total assets. Opened 72 years ago in 1952, LATITUDE 32 FEDERAL CREDIT UNION has about 6,676 members and employs 18 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: | 6,676 |
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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $65,070,583 |
CEO/Manager: | Marcus R Rhymer |
Chairperson: | William C Hudson |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 5,807,800 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 76,021 |
Unsecured Loans | 1,795,775 |
Other Loans | 47,493,366 |
TOTAL LOANS | 49,365,162 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -215,715 |
Land And Building | 337,256 |
Other Fixed Assets | 88,748 |
NCUSIF Deposit | 556,794 |
All Other Assets | 5,237 |
TOTAL ASSETS | 65,070,583 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 578,369 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,763,242 |
Regular shares | 33,752,655 |
All Other Shares & Deposits | 9,777,681 |
TOTAL SHARES & DEPOSITS | 56,293,578 |
TOTAL LIABILITIES | 56,871,947 |
Regular Reserve | 0 |
Other Reserves | 445,265 |
Undivided Earnings | 7,753,371 |
TOTAL EQUITY | 8,198,636 |
TOTAL LIABILITIES, SHARES, & EQUITY | 65,070,583 |
INCOME & EXPENSE | |
Loan Income | 2,225,589 |
Investment Income | 449,806 |
Other Income | 893,783 |
Total Employee Compensation & Benefits | 1,344,783 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,394,426 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 88,411 |
Cost of Funds | 108,476 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 734,164 |
↑ Back to Top |