Sep, 30, 2025 — LION'S SHARE FEDERAL CREDIT UNION is a federal credit union headquartered in SALISBURY, NC with 1 branch location and about $61.29 million in total assets. Opened 44 years ago in 1982, LION'S SHARE FEDERAL CREDIT UNION has about 12,478 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LION'S SHARE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 850 Harrison Rd SALISBURY, NC 28147-9021 |
| Phone: | (704) 636-0643 |
| Fax: | (704) 637-6311 |
| Website: | https://www.lionsharecu.org |
| Branches: | 1 branch locations |
| Members: | 12,478 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24813 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1982 |
| Last Audited: | Jun 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $61,286,452 |
| CEO/Manager: | Ronald E Baron |
| Chairperson: | Kara Goode |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,791,666 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,428,910 |
| Unsecured Loans | 8,480,866 |
| Other Loans | 32,056,775 |
| TOTAL LOANS | 52,966,551 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,791,228 |
| Land And Building | 857,328 |
| Other Fixed Assets | 110,889 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 527,123 |
| All Other Assets | 207,220 |
| TOTAL ASSETS | 61,286,452 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 534,694 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,479,245 |
| Regular shares | 17,616,497 |
| All Other Shares & Deposits | 29,020,045 |
| TOTAL SHARES & DEPOSITS | 58,115,787 |
| TOTAL LIABILITIES | 58,650,481 |
| Regular Reserve | 0 |
| Other Reserves | -76,680 |
| Undivided Earnings | 2,712,651 |
| TOTAL EQUITY | 2,635,971 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 61,286,452 |
| INCOME & EXPENSE | |
| Loan Income | 3,060,132 |
| Investment Income | 335,002 |
| Other Income | 772,018 |
| Total Employee Compensation & Benefits | 1,501,593 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,819,319 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,721,198 |
| Cost of Funds | 643,799 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,213,727 |
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