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LITHIUM FEDERAL CREDIT UNION

Mar, 31, 2021 — LITHIUM FEDERAL CREDIT UNION is a federal credit union headquartered in BESSEMER CITY, NC with 0 branch location and about $11.15 million in total assets. Opened 65 years ago in 1956, LITHIUM FEDERAL CREDIT UNION has about 1,323 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LITHIUM FEDERAL CREDIT UNION
Address:
(Main Office)
1111 BESSEMER CITY KINGS MTN HWY
BESSEMER CITY, NC 28016-9640
Phone:(704) 868-0890
Fax:(704) 868-5497
Website:http://lithiumfcu.com
Branches:0 branch locations
Members:1,323
Credit Union Type:Federal Credit Union
Charter Number:11409
Membership Type:Multiple common bond - Primarily chemical
Corporate Credit Union:No
Year Opened:1956
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$11,149,881
CEO/Manager:Eric R Campbell
Chairperson:JACKIE L GOODE

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,929,346
TOTAL INVESTMENTS 1,005,089
Loans Held for Sale 0
 
 Real Estate Loans 1,933,217
 Unsecured Loans 882,735
 Other Loans 4,308,313
 TOTAL LOANS 7,124,265
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -82,420
 Land And Building 4,459
 Other Fixed Assets 5,816
 NCUSIF Deposit 77,463
 All Other Assets 85,863
  TOTAL ASSETS 11,149,881
LIABILITIES & CAPITAL:  
 Dividends Payable 9,327
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 39,928
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,432,946
 Regular shares 5,806,180
 All Other Shares & Deposits 2,010,877
  TOTAL SHARES & DEPOSITS 9,250,003
  TOTAL LIABILITIES 9,299,258
 Regular Reserve 190,978
 Other Reserves 540,872
 Undivided Earnings 1,118,773
  TOTAL EQUITY 1,850,623
  TOTAL LIABILITIES, SHARES, & EQUITY 11,149,881
INCOME & EXPENSE  
 Loan Income 120,415
 Investment Income 1,346
 Other Income 8,460
 Total Employee Compensation & Benefits 50,779
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 64,135
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 11,650
 Cost of Funds 11,472
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 12,241
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