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LITHIUM FEDERAL CREDIT UNION

Sep, 30, 2021 — LITHIUM FEDERAL CREDIT UNION is a federal credit union headquartered in BESSEMER CITY, NC with 0 branch location and about $10.90 million in total assets. Opened 65 years ago in 1956, LITHIUM FEDERAL CREDIT UNION has about 1,354 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:1,354
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:$10,904,307
CEO/Manager:Eric R Campbell
Chairperson:JACKIE L GOODE

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,639,620
TOTAL INVESTMENTS 855,089
Loans Held for Sale 0
 
 Real Estate Loans 2,125,032
 Unsecured Loans 855,150
 Other Loans 4,321,675
 TOTAL LOANS 7,301,857
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -76,237
 Land And Building 5,170
 Other Fixed Assets 21,792
 NCUSIF Deposit 87,618
 All Other Assets 69,398
  TOTAL ASSETS 10,904,307
LIABILITIES & CAPITAL:  
 Dividends Payable 8,238
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 16,076
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,241,206
 Regular shares 5,883,943
 All Other Shares & Deposits 1,843,725
  TOTAL SHARES & DEPOSITS 8,968,874
  TOTAL LIABILITIES 8,993,188
 Regular Reserve 190,978
 Other Reserves 540,872
 Undivided Earnings 1,179,269
  TOTAL EQUITY 1,911,119
  TOTAL LIABILITIES, SHARES, & EQUITY 10,904,307
INCOME & EXPENSE  
 Loan Income 361,631
 Investment Income 9,862
 Other Income 23,267
 Total Employee Compensation & Benefits 149,321
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 188,444
 Non-operating Income & (Expense) 29,942
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 42,515
 Cost of Funds 32,085
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 72,737
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