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LION'S SHARE FEDERAL CREDIT UNION

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.


ABA Routing Number: 253184870
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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