Sep, 30, 2025 — CHAMPION CREDIT UNION is a federally insured state chartered credit union headquartered in CANTON, NC with 7 branch locations and about $554.69 million in total assets. Opened 94 years ago in 1932, CHAMPION CREDIT UNION has about 36,431 members and employs 115 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: | 7 branch locations |
| Members: | 36,431 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $554,689,456 |
| CEO/Manager: | Jake Robinson |
| Chairperson: | Bryan G Trantham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 63,130,271 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 289,676,057 |
| Unsecured Loans | 19,487,126 |
| Other Loans | 119,967,235 |
| TOTAL LOANS | 429,194,080 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,607,022 |
| Land And Building | 26,832,603 |
| Other Fixed Assets | 7,531,923 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,115,196 |
| All Other Assets | 419,423 |
| TOTAL ASSETS | 554,689,456 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 15,000,000 |
| Accounts Payable & Other Liabilities | 5,613,040 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 166,395,332 |
| Regular shares | 173,408,117 |
| All Other Shares & Deposits | 130,269,671 |
| TOTAL SHARES & DEPOSITS | 470,073,121 |
| TOTAL LIABILITIES | 490,772,930 |
| Regular Reserve | 0 |
| Other Reserves | 7,477,317 |
| Undivided Earnings | 56,439,209 |
| TOTAL EQUITY | 63,916,526 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 554,689,456 |
| INCOME & EXPENSE | |
| Loan Income | 18,295,222 |
| Investment Income | 2,664,349 |
| Other Income | 1,062,677 |
| Total Employee Compensation & Benefits | 7,782,177 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,914,116 |
| Non-operating Income & (Expense) | -640,805 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,189,503 |
| Cost of Funds | 4,767,866 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,829,784 |
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