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National Credit Union Service Organization

LION'S SHARE FEDERAL CREDIT UNION

Jun, 30, 2021 — LION'S SHARE FEDERAL CREDIT UNION is a federal credit union headquartered in SALISBURY, NC with 1 branch location and about $67.51 million in total assets. Opened 39 years ago in 1982, LION'S SHARE FEDERAL CREDIT UNION has about 11,979 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.


ABA Routing Number: 253184870
Name:LION'S SHARE FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. BOX 278
SALISBURY, NC 28145-0278
Phone:(704) 636-0643
Fax:(704) 637-6311
Website:http://www.lionsharecu.org
Branches:1 branch locations
Members:11,979
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$67,511,360
CEO/Manager:Mark S Curran
Chairperson:Tom Anderson

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 28,831,756
TOTAL INVESTMENTS 3,167,876
Loans Held for Sale 0
 
 Real Estate Loans 3,807,254
 Unsecured Loans 6,149,884
 Other Loans 24,284,586
 TOTAL LOANS 34,241,724
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -463,333
 Land And Building 781,635
 Other Fixed Assets 251,158
 NCUSIF Deposit 489,699
 All Other Assets 210,845
  TOTAL ASSETS 67,511,360
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 639,829
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,321,203
 Regular shares 20,623,487
 All Other Shares & Deposits 33,054,650
  TOTAL SHARES & DEPOSITS 61,999,340
  TOTAL LIABILITIES 62,639,169
 Regular Reserve 794,521
 Other Reserves 0
 Undivided Earnings 4,077,670
  TOTAL EQUITY 4,872,191
  TOTAL LIABILITIES, SHARES, & EQUITY 67,511,360
INCOME & EXPENSE  
 Loan Income 1,158,412
 Investment Income 27,671
 Other Income 364,782
 Total Employee Compensation & Benefits 662,954
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 882,311
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 145,280
 Cost of Funds 107,996
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 157,339
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