Dec, 31, 2023 — CS CREDIT UNION is a federally insured state chartered credit union headquartered in CATAWBA, NC with 2 branch locations and about $30.17 million in total assets. Opened 38 years ago in 1986, CS CREDIT UNION has about 2,941 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CS CREDIT UNION |
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Address: (Main Office) | 6519 Comm Scope Rd CATAWBA, NC 28609 |
Phone: | (828) 241-6196 |
Fax: | (828) 241-2606 |
Website: | https://csnccreditunion.org |
Branches: | 2 branch locations |
Members: | 2,941 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66856 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1986 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $30,174,184 |
CEO/Manager: | Marc A Jacobson |
Chairperson: | Dale Sherrill |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,424,807 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,269,679 |
Unsecured Loans | 1,600,020 |
Other Loans | 7,433,546 |
TOTAL LOANS | 14,303,245 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,956 |
Land And Building | 7,311 |
Other Fixed Assets | 5,834 |
NCUSIF Deposit | 282,512 |
All Other Assets | 0 |
TOTAL ASSETS | 30,174,184 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 97,435 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 76,370 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,512,471 |
Regular shares | 14,717,895 |
All Other Shares & Deposits | 6,574,472 |
TOTAL SHARES & DEPOSITS | 25,804,838 |
TOTAL LIABILITIES | 25,978,643 |
Regular Reserve | 0 |
Other Reserves | -1,053,176 |
Undivided Earnings | 5,248,717 |
TOTAL EQUITY | 4,195,541 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,174,184 |
INCOME & EXPENSE | |
Loan Income | 847,332 |
Investment Income | 518,953 |
Other Income | 159,125 |
Total Employee Compensation & Benefits | 614,982 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 441,497 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 161,699 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 318,347 |
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