Dec, 31, 2023 — CS CREDIT UNION is a federally insured state chartered credit union headquartered in CATAWBA, NC with 2 branch locations and about $30.17 million in total assets. Opened 38 years ago in 1986, CS CREDIT UNION has about 2,941 members and employs 6 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: | 2,941 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,174,184 |
| CEO/Manager: | Marc A Jacobson |
| Chairperson: | Dale Sherrill |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,424,807 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,269,679 |
| Unsecured Loans | 1,600,020 |
| Other Loans | 7,433,546 |
| TOTAL LOANS | 14,303,245 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,956 |
| Land And Building | 7,311 |
| Other Fixed Assets | 5,834 |
| NCUSIF Deposit | 282,512 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,174,184 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 97,435 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 76,370 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,512,471 |
| Regular shares | 14,717,895 |
| All Other Shares & Deposits | 6,574,472 |
| TOTAL SHARES & DEPOSITS | 25,804,838 |
| TOTAL LIABILITIES | 25,978,643 |
| Regular Reserve | 0 |
| Other Reserves | -1,053,176 |
| Undivided Earnings | 5,248,717 |
| TOTAL EQUITY | 4,195,541 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,174,184 |
| INCOME & EXPENSE | |
| Loan Income | 847,332 |
| Investment Income | 518,953 |
| Other Income | 159,125 |
| Total Employee Compensation & Benefits | 614,982 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 441,497 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 161,699 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 318,347 |
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