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 |
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