Dec, 31, 2022 — LITHIUM FEDERAL CREDIT UNION is a federal credit union headquartered in BESSEMER CITY, NC with 1 branch location and about $12.27 million in total assets. Opened 67 years ago in 1956, LITHIUM FEDERAL CREDIT UNION has about 1,404 members and employs 4 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: | https://www.lithiumfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,404 |
| 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: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,274,031 |
| CEO/Manager: | Eric R Campbell |
| Chairperson: | JACKIE L GOODE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,343,958 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,641,378 |
| Unsecured Loans | 888,432 |
| Other Loans | 5,205,247 |
| TOTAL LOANS | 8,735,057 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,204 |
| Land And Building | 15,725 |
| Other Fixed Assets | 14,592 |
| NCUSIF Deposit | 98,492 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,274,031 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,013 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 59,502 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,444,824 |
| Regular shares | 6,733,073 |
| All Other Shares & Deposits | 2,014,644 |
| TOTAL SHARES & DEPOSITS | 10,192,541 |
| TOTAL LIABILITIES | 10,262,056 |
| Regular Reserve | 0 |
| Other Reserves | 731,850 |
| Undivided Earnings | 1,280,125 |
| TOTAL EQUITY | 2,011,975 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,274,031 |
| INCOME & EXPENSE | |
| Loan Income | 397,077 |
| Investment Income | 19,158 |
| Other Income | 22,613 |
| Total Employee Compensation & Benefits | 183,089 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 192,985 |
| Non-operating Income & (Expense) | 17,585 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,250 |
| Cost of Funds | 30,681 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 88,139 |
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