Dec, 31, 2022 — LION'S SHARE FEDERAL CREDIT UNION is a federal credit union headquartered in SALISBURY, NC with 1 branch location and about $69.62 million in total assets. Opened 41 years ago in 1982, LION'S SHARE FEDERAL CREDIT UNION has about 12,107 members and employs 22 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: | 12,107 |
| 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: | Aug 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $69,616,393 |
| CEO/Manager: | James W McBride |
| Chairperson: | Ryan E Barbour |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,187,800 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,351,693 |
| Unsecured Loans | 11,388,314 |
| Other Loans | 33,416,428 |
| TOTAL LOANS | 51,156,435 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -463,738 |
| Land And Building | 745,781 |
| Other Fixed Assets | 291,886 |
| NCUSIF Deposit | 537,960 |
| All Other Assets | 0 |
| TOTAL ASSETS | 69,616,393 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,189,380 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,469,015 |
| Regular shares | 21,669,933 |
| All Other Shares & Deposits | 32,253,057 |
| TOTAL SHARES & DEPOSITS | 62,392,005 |
| TOTAL LIABILITIES | 63,581,385 |
| Regular Reserve | 0 |
| Other Reserves | 794,521 |
| Undivided Earnings | 5,240,487 |
| TOTAL EQUITY | 6,035,008 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 69,616,393 |
| INCOME & EXPENSE | |
| Loan Income | 2,127,575 |
| Investment Income | 159,167 |
| Other Income | 691,708 |
| Total Employee Compensation & Benefits | 1,115,543 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,560,168 |
| Non-operating Income & (Expense) | 55,333 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 331,000 |
| Cost of Funds | 87,194 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 679,535 |
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