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LITHIUM FEDERAL CREDIT UNION

Dec, 31, 2020 — LITHIUM FEDERAL CREDIT UNION is a federal credit union headquartered in BESSEMER CITY, NC with 0 branch location and about $10.67 million in total assets. Opened 65 years ago in 1956, LITHIUM FEDERAL CREDIT UNION has about 1,312 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:1,312
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:Mar 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$10,667,964
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 2,032,464
TOTAL INVESTMENTS 1,205,089
Loans Held for Sale 0
 
 Real Estate Loans 1,986,820
 Unsecured Loans 952,809
 Other Loans 4,386,298
 TOTAL LOANS 7,325,927
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -77,713
 Land And Building 5,152
 Other Fixed Assets 6,733
 NCUSIF Deposit 77,463
 All Other Assets 92,849
  TOTAL ASSETS 10,667,964
LIABILITIES & CAPITAL:  
 Dividends Payable 10,418
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 57,388
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,279,830
 Regular shares 5,410,550
 All Other Shares & Deposits 2,071,396
  TOTAL SHARES & DEPOSITS 8,761,776
  TOTAL LIABILITIES 8,829,582
 Regular Reserve 190,978
 Other Reserves 540,872
 Undivided Earnings 1,106,532
  TOTAL EQUITY 1,838,382
  TOTAL LIABILITIES, SHARES, & EQUITY 10,667,964
INCOME & EXPENSE  
 Loan Income 474,066
 Investment Income 14,574
 Other Income 111,522
 Total Employee Compensation & Benefits 222,822
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 232,324
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 58,578
 Cost of Funds 54,809
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 31,629
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