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CHAMPION CREDIT UNION

Sep, 30, 2021 — CHAMPION CREDIT UNION is a federally insured state chartered credit union headquartered in Canton, NC with 6 branch locations and about $398.92 million in total assets. Opened 90 years ago in 1932, CHAMPION CREDIT UNION has about 29,069 members and employs 100 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CHAMPION CREDIT UNION
Address:
(Main Office)
PO Box 1389
Canton, NC 28716
Phone:(828) 648-1515
Fax:(828) 648-1936
Website:http://www.championcu.com
Branches:6 branch locations
Members:29,069
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60721
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1932
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$398,916,221
CEO/Manager:Jake Robinson
Chairperson:Bryan G Trantham

Call Report

  • Credit Builder
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 88,160,694
TOTAL INVESTMENTS 935,585
Loans Held for Sale 0
 
 Real Estate Loans 167,579,065
 Unsecured Loans 22,144,740
 Other Loans 104,237,159
 TOTAL LOANS 294,051,735
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,031,162
 Land And Building 5,355,505
 Other Fixed Assets 4,933,523
 NCUSIF Deposit 3,166,441
 All Other Assets 3,343,900
  TOTAL ASSETS 398,916,221
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,316,751
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 106,405,947
 Regular shares 164,865,444
 All Other Shares & Deposits 86,330,092
  TOTAL SHARES & DEPOSITS 357,601,483
  TOTAL LIABILITIES 359,918,234
 Regular Reserve 10,577,767
 Other Reserves 0
 Undivided Earnings 28,420,220
  TOTAL EQUITY 38,997,987
  TOTAL LIABILITIES, SHARES, & EQUITY 398,916,221
INCOME & EXPENSE  
 Loan Income 10,053,393
 Investment Income 65,612
 Other Income 3,375,918
 Total Employee Compensation & Benefits 5,699,740
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,764,249
 Non-operating Income & (Expense) 37,591
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 64,682
 Cost of Funds 975,920
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,348,699
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