Jun, 30, 2021 — CS CREDIT UNION is a federally insured state chartered credit union headquartered in Catawba, NC with 2 branch locations and about $33.22 million in total assets. Opened 35 years ago in 1986, CS CREDIT UNION has about 2,909 members and employs 9 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://csnccreditunion.org |
| Branches: | 2 branch locations |
| Members: | 2,909 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,222,465 |
| CEO/Manager: | Steven H Vaden |
| Chairperson: | Dale Sherrill |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,710,358 |
| TOTAL INVESTMENTS | 12,579,252 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,513,346 |
| Unsecured Loans | 1,606,276 |
| Other Loans | 4,417,623 |
| TOTAL LOANS | 10,537,245 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,268 |
| Land And Building | 21,824 |
| Other Fixed Assets | 17,099 |
| NCUSIF Deposit | 268,080 |
| All Other Assets | 126,875 |
| TOTAL ASSETS | 33,222,465 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 51,543 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,706 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,333,836 |
| Regular shares | 16,472,192 |
| All Other Shares & Deposits | 7,432,641 |
| TOTAL SHARES & DEPOSITS | 28,238,669 |
| TOTAL LIABILITIES | 28,301,918 |
| Regular Reserve | 1,060,028 |
| Other Reserves | 111,294 |
| Undivided Earnings | 3,749,225 |
| TOTAL EQUITY | 4,920,547 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,222,465 |
| INCOME & EXPENSE | |
| Loan Income | 360,265 |
| Investment Income | 134,066 |
| Other Income | 57,008 |
| Total Employee Compensation & Benefits | 313,753 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 175,810 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,259 |
| Cost of Funds | 42,429 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,349 |
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