Overview / Commentary
Panhandle Credit Union is headquartered in Panama City and is the 43rd largest credit union in the state of Florida. It is also the 1,000th largest credit union in the nation. It was established in 1957 and as of March of 2024, it had grown to 71 employees and 15,674 members at 7 locations. Panhandle Credit Union has an A health rating.
Field of Membership Restrictions
Panhandle Credit Union membership is open to those who live, work, worship, or attend school in the Florida counties of Bay, Calhoun, Gulf, Holmes, Jackson, Walton, or Washington. Family members of a current Panhandle Credit Union member are also eligible to join.
See current membership details
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Health
A
Data as of Q1 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68720 |
| Year Chartered | 1957 |
| Employees | 71 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.71% |
| Return on Equity - YTD | 5.77% |
| Annual Interest Income | $3.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2024vs Q1 2023 | $314.6MM$307.4MM |
| Loans | Q1 2024vs Q1 2023 | $190.8MM$173.2MM |
| Deposits | Q1 2024vs Q1 2023 | $272.9MM$268.3MM |
| Equity Capital | Q1 2024vs Q1 2023 | $38.3MM$36.1MM |
| Loan Loss Allowance | Q1 2024vs Q1 2023 | $2.3MM$1.5MM |
| Unbacked Noncurrent Loans | Q1 2024vs Q1 2023 | $573K$228K |
| Real Estate Owned | Q1 2024vs Q1 2023 | $0$0 |