Sep, 30, 2025 — CS CREDIT UNION is a federally insured state chartered credit union headquartered in CATAWBA, NC with 2 branch locations and about $29.75 million in total assets. Opened 40 years ago in 1986, CS CREDIT UNION has about 2,867 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CS CREDIT UNION |
|---|---|
| Address: (Main Office) | 6519 Comm Scope Rd CATAWBA, NC 28609 |
| Phone: | (828) 241-6196 |
| Fax: | (828) 241-2606 |
| Website: | https://www.csnccreditunion.org |
| Branches: | 2 branch locations |
| Members: | 2,867 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66856 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1986 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,753,035 |
| CEO/Manager: | Marc A Jacobson |
| Chairperson: | Dale Sherrill |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,339,572 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,295,371 |
| Unsecured Loans | 1,517,401 |
| Other Loans | 10,320,836 |
| TOTAL LOANS | 17,133,609 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -202,639 |
| Land And Building | 18,201 |
| Other Fixed Assets | 34,179 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 252,530 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,753,035 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 58,229 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 99,525 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,695,168 |
| Regular shares | 15,165,234 |
| All Other Shares & Deposits | 4,786,579 |
| TOTAL SHARES & DEPOSITS | 24,646,981 |
| TOTAL LIABILITIES | 24,805,646 |
| Regular Reserve | 0 |
| Other Reserves | -611,288 |
| Undivided Earnings | 5,558,677 |
| TOTAL EQUITY | 4,947,389 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,753,035 |
| INCOME & EXPENSE | |
| Loan Income | 748,914 |
| Investment Income | 305,700 |
| Other Income | 89,460 |
| Total Employee Compensation & Benefits | 491,712 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 351,637 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,911 |
| Cost of Funds | 142,634 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 140,910 |
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