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.
| 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 |
| 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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