Dec, 31, 2022 — CS CREDIT UNION is a federally insured state chartered credit union headquartered in CATAWBA, NC with 2 branch locations and about $33.32 million in total assets. Opened 37 years ago in 1986, CS CREDIT UNION has about 2,986 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://csnccreditunion.org |
| Branches: | 2 branch locations |
| Members: | 2,986 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,320,638 |
| CEO/Manager: | Steven H Vaden |
| Chairperson: | Dale Sherrill |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,311,865 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,701,936 |
| Unsecured Loans | 1,512,601 |
| Other Loans | 5,763,060 |
| TOTAL LOANS | 11,977,597 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,067 |
| Land And Building | 15,253 |
| Other Fixed Assets | 9,391 |
| NCUSIF Deposit | 277,451 |
| All Other Assets | 0 |
| TOTAL ASSETS | 33,320,638 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 48,077 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,587 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,821,466 |
| Regular shares | 17,311,250 |
| All Other Shares & Deposits | 7,218,775 |
| TOTAL SHARES & DEPOSITS | 29,351,491 |
| TOTAL LIABILITIES | 29,425,155 |
| Regular Reserve | 0 |
| Other Reserves | -49,874 |
| Undivided Earnings | 3,945,357 |
| TOTAL EQUITY | 3,895,483 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,320,638 |
| INCOME & EXPENSE | |
| Loan Income | 536,198 |
| Investment Income | 219,952 |
| Other Income | 107,594 |
| Total Employee Compensation & Benefits | 460,724 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 281,427 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,967 |
| Cost of Funds | 60,183 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 111,864 |
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