Dec, 31, 2021 — LION'S SHARE FEDERAL CREDIT UNION is a federal credit union headquartered in SALISBURY, NC with 1 branch location and about $66.02 million in total assets. Opened 40 years ago in 1982, LION'S SHARE FEDERAL CREDIT UNION has about 11,951 members and employs 19 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: | http://www.lionsharecu.org |
Branches: | 1 branch locations |
Members: | 11,951 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24813 |
---|---|
Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
Corporate Credit Union: | No |
Year Opened: | 1982 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $66,015,409 |
CEO/Manager: | James W McBride |
Chairperson: | Tom Anderson |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 24,737,784 |
TOTAL INVESTMENTS | 4,919,876 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,338,430 |
Unsecured Loans | 6,826,014 |
Other Loans | 23,713,401 |
TOTAL LOANS | 34,877,845 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -381,878 |
Land And Building | 767,294 |
Other Fixed Assets | 237,136 |
NCUSIF Deposit | 555,155 |
All Other Assets | 302,197 |
TOTAL ASSETS | 66,015,409 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 554,040 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,753,777 |
Regular shares | 20,091,459 |
All Other Shares & Deposits | 32,260,660 |
TOTAL SHARES & DEPOSITS | 60,105,896 |
TOTAL LIABILITIES | 60,659,936 |
Regular Reserve | 794,521 |
Other Reserves | 0 |
Undivided Earnings | 4,560,952 |
TOTAL EQUITY | 5,355,473 |
TOTAL LIABILITIES, SHARES, & EQUITY | 66,015,409 |
INCOME & EXPENSE | |
Loan Income | 2,353,130 |
Investment Income | 59,085 |
Other Income | 802,245 |
Total Employee Compensation & Benefits | 1,333,519 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,777,368 |
Non-operating Income & (Expense) | 435 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 235,864 |
Cost of Funds | 178,719 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 640,616 |
↑ Back to Top |