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LITHIUM FEDERAL CREDIT UNION

Dec, 31, 2021 — LITHIUM FEDERAL CREDIT UNION is a federal credit union headquartered in BESSEMER CITY, NC with 0 branch location and about $11.86 million in total assets. Opened 66 years ago in 1956, LITHIUM FEDERAL CREDIT UNION has about 1,346 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:http://www.lithiumfcu.com
Branches:0 branch locations
Members:1,346
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:$11,859,866
CEO/Manager:Eric R Campbell
Chairperson:JACKIE L GOODE

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,280,572
TOTAL INVESTMENTS 1,105,089
Loans Held for Sale 0
 
 Real Estate Loans 2,199,405
 Unsecured Loans 899,532
 Other Loans 4,254,890
 TOTAL LOANS 7,353,827
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -76,915
 Land And Building 4,280
 Other Fixed Assets 19,739
 NCUSIF Deposit 87,618
 All Other Assets 85,656
  TOTAL ASSETS 11,859,866
LIABILITIES & CAPITAL:  
 Dividends Payable 8,122
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 54,277
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,417,611
 Regular shares 6,614,062
 All Other Shares & Deposits 1,841,959
  TOTAL SHARES & DEPOSITS 9,873,632
  TOTAL LIABILITIES 9,936,031
 Regular Reserve 190,978
 Other Reserves 540,872
 Undivided Earnings 1,191,985
  TOTAL EQUITY 1,923,835
  TOTAL LIABILITIES, SHARES, & EQUITY 11,859,866
INCOME & EXPENSE  
 Loan Income 485,290
 Investment Income 12,059
 Other Income 35,154
 Total Employee Compensation & Benefits 214,413
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 251,759
 Non-operating Income & (Expense) 29,942
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 47,795
 Cost of Funds 41,841
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 85,453
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