Dec, 31, 2023 — CHAMPION CREDIT UNION is a federally insured state chartered credit union headquartered in CANTON, NC with 7 branch locations and about $557.15 million in total assets. Opened 92 years ago in 1932, CHAMPION CREDIT UNION has about 36,051 members and employs 113 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHAMPION CREDIT UNION |
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Address: (Main Office) | 3 Academy ST CANTON, NC 28716 |
Phone: | (828) 648-1515 |
Fax: | (828) 648-1936 |
Website: | https://www.championcu.com |
Branches: | 7 branch locations |
Members: | 36,051 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60721 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1932 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $557,154,718 |
CEO/Manager: | Jake Robinson |
Chairperson: | Bryan G Trantham |
ASSETS: | $ Amount |
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Cash & Equivalents | 49,628,263 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 254,645,330 |
Unsecured Loans | 25,871,391 |
Other Loans | 158,292,283 |
TOTAL LOANS | 438,874,622 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,124,570 |
Land And Building | 10,565,657 |
Other Fixed Assets | 5,899,976 |
NCUSIF Deposit | 4,142,214 |
All Other Assets | 405,058 |
TOTAL ASSETS | 557,154,718 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 45,000,000 |
Accounts Payable & Other Liabilities | 7,754,334 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 154,664,116 |
Regular shares | 178,666,975 |
All Other Shares & Deposits | 113,862,860 |
TOTAL SHARES & DEPOSITS | 447,193,951 |
TOTAL LIABILITIES | 499,994,514 |
Regular Reserve | 0 |
Other Reserves | 21,698,939 |
Undivided Earnings | 35,461,265 |
TOTAL EQUITY | 57,160,204 |
TOTAL LIABILITIES, SHARES, & EQUITY | 557,154,718 |
INCOME & EXPENSE | |
Loan Income | 21,952,731 |
Investment Income | 3,013,144 |
Other Income | 4,129,394 |
Total Employee Compensation & Benefits | 9,001,222 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,178,778 |
Non-operating Income & (Expense) | 1,588,703 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,940,776 |
Cost of Funds | 5,940,266 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,390,866 |
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