Mar, 31, 2022 — LION'S SHARE FEDERAL CREDIT UNION is a federal credit union headquartered in SALISBURY, NC with 1 branch location and about $72.13 million in total assets. Opened 40 years ago in 1982, LION'S SHARE FEDERAL CREDIT UNION has about 11,932 members and employs 18 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: | 11,932 |
| 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: | $72,131,684 |
| CEO/Manager: | James W McBride |
| Chairperson: | Ryan E Barbour |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,487,935 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,806,048 |
| Unsecured Loans | 7,143,285 |
| Other Loans | 27,139,493 |
| TOTAL LOANS | 39,088,826 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -355,585 |
| Land And Building | 760,123 |
| Other Fixed Assets | 238,170 |
| NCUSIF Deposit | 555,155 |
| All Other Assets | 0 |
| TOTAL ASSETS | 72,131,684 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 562,451 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,768,511 |
| Regular shares | 22,415,742 |
| All Other Shares & Deposits | 33,840,129 |
| TOTAL SHARES & DEPOSITS | 66,024,382 |
| TOTAL LIABILITIES | 66,586,833 |
| Regular Reserve | 0 |
| Other Reserves | 794,521 |
| Undivided Earnings | 4,750,330 |
| TOTAL EQUITY | 5,544,851 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 72,131,684 |
| INCOME & EXPENSE | |
| Loan Income | 623,138 |
| Investment Income | 23,630 |
| Other Income | 216,541 |
| Total Employee Compensation & Benefits | 373,750 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 442,788 |
| Non-operating Income & (Expense) | 668 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,000 |
| Cost of Funds | 25,592 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 189,380 |
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