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CHAMPION CREDIT UNION

Dec, 31, 2022 — CHAMPION CREDIT UNION is a federally insured state chartered credit union headquartered in CANTON, NC with 6 branch locations and about $433.12 million in total assets. Opened 91 years ago in 1932, CHAMPION CREDIT UNION has about 29,951 members and employs 98 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)
3 Academy ST
CANTON, NC 28716
Phone:(828) 648-1515
Fax:(828) 648-1936
Website:https://www.championcu.com
Branches:6 branch locations
Members:29,951
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$433,124,095
CEO/Manager:Jake Robinson
Chairperson:Bryan G Trantham

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 46,125,975
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 203,394,288
 Unsecured Loans 25,781,754
 Other Loans 138,689,363
 TOTAL LOANS 367,942,878
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,200,334
 Land And Building 5,242,367
 Other Fixed Assets 6,743,290
 NCUSIF Deposit 3,488,050
 All Other Assets 166,667
  TOTAL ASSETS 433,124,095
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,593,930
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 108,086,390
 Regular shares 190,822,361
 All Other Shares & Deposits 84,618,283
  TOTAL SHARES & DEPOSITS 383,527,034
  TOTAL LIABILITIES 390,120,964
 Regular Reserve 0
 Other Reserves 11,853,492
 Undivided Earnings 31,149,639
  TOTAL EQUITY 43,003,131
  TOTAL LIABILITIES, SHARES, & EQUITY 433,124,095
INCOME & EXPENSE  
 Loan Income 11,270,465
 Investment Income 465,683
 Other Income 3,417,329
 Total Employee Compensation & Benefits 5,640,817
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,988,452
 Non-operating Income & (Expense) 260
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 644,456
 Cost of Funds 811,211
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,322,955
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