Dec, 31, 2023 — CHAMPION CREDIT UNION is a federally insured state chartered credit union headquartered in CANTON, NC with 7 branch locations and about $557.15 million in total assets. Opened 92 years ago in 1932, CHAMPION CREDIT UNION has about 36,051 members and employs 113 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHAMPION CREDIT UNION |
|---|---|
| Address: (Main Office) | 3 Academy ST CANTON, NC 28716 |
| Phone: | (828) 648-1515 |
| Fax: | (828) 648-1936 |
| Website: | https://www.championcu.com |
| Branches: | 7 branch locations |
| Members: | 36,051 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60721 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $557,154,718 |
| CEO/Manager: | Jake Robinson |
| Chairperson: | Bryan G Trantham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 49,628,263 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 254,645,330 |
| Unsecured Loans | 25,871,391 |
| Other Loans | 158,292,283 |
| TOTAL LOANS | 438,874,622 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,124,570 |
| Land And Building | 10,565,657 |
| Other Fixed Assets | 5,899,976 |
| NCUSIF Deposit | 4,142,214 |
| All Other Assets | 405,058 |
| TOTAL ASSETS | 557,154,718 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 45,000,000 |
| Accounts Payable & Other Liabilities | 7,754,334 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 154,664,116 |
| Regular shares | 178,666,975 |
| All Other Shares & Deposits | 113,862,860 |
| TOTAL SHARES & DEPOSITS | 447,193,951 |
| TOTAL LIABILITIES | 499,994,514 |
| Regular Reserve | 0 |
| Other Reserves | 21,698,939 |
| Undivided Earnings | 35,461,265 |
| TOTAL EQUITY | 57,160,204 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 557,154,718 |
| INCOME & EXPENSE | |
| Loan Income | 21,952,731 |
| Investment Income | 3,013,144 |
| Other Income | 4,129,394 |
| Total Employee Compensation & Benefits | 9,001,222 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,178,778 |
| Non-operating Income & (Expense) | 1,588,703 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,940,776 |
| Cost of Funds | 5,940,266 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,390,866 |
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