Sep, 30, 2021 — 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 36 years ago in 1986, CS CREDIT UNION has about 2,944 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: | 2,944 |
| 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: | $33,315,435 |
| CEO/Manager: | Steven H Vaden |
| Chairperson: | Dale Sherrill |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,407,647 |
| TOTAL INVESTMENTS | 11,740,854 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,472,611 |
| Unsecured Loans | 1,621,252 |
| Other Loans | 4,680,698 |
| TOTAL LOANS | 10,774,561 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,293 |
| Land And Building | 20,326 |
| Other Fixed Assets | 15,597 |
| NCUSIF Deposit | 268,080 |
| All Other Assets | 122,663 |
| TOTAL ASSETS | 33,315,435 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 42,609 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 103,963 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,157,969 |
| Regular shares | 17,061,113 |
| All Other Shares & Deposits | 7,029,254 |
| TOTAL SHARES & DEPOSITS | 28,248,336 |
| TOTAL LIABILITIES | 28,394,908 |
| Regular Reserve | 1,060,028 |
| Other Reserves | 73,127 |
| Undivided Earnings | 3,787,372 |
| TOTAL EQUITY | 4,920,527 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,315,435 |
| INCOME & EXPENSE | |
| Loan Income | 541,551 |
| Investment Income | 190,165 |
| Other Income | 92,715 |
| Total Employee Compensation & Benefits | 470,079 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 264,296 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,533 |
| Cost of Funds | 61,241 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 53,496 |
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