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LION'S SHARE FEDERAL CREDIT UNION

Dec, 31, 2023 — LION'S SHARE FEDERAL CREDIT UNION is a federal credit union headquartered in SALISBURY, NC with 1 branch location and about $70.58 million in total assets. Opened 42 years ago in 1982, LION'S SHARE FEDERAL CREDIT UNION has about 12,272 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253184870
Name:LION'S SHARE FEDERAL CREDIT UNION
Address:
(Main Office)
850 Harrison Rd
SALISBURY, NC 28147-9021
Phone:(704) 636-0643
Fax:(704) 637-6311
Website:https://www.lionsharecu.org
Branches:1 branch locations
Members:12,272
Credit Union Type:Federal Credit Union
Charter Number:24813
Membership Type:Multiple common bond - Primarily finance, insurance, real estate, trade
Corporate Credit Union:No
Year Opened:1982
Last Audited:Aug 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$70,580,442
CEO/Manager:James W McBride
Chairperson:Ryan E Barbour

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,432,299
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,456,638
 Unsecured Loans 12,336,618
 Other Loans 36,268,164
 TOTAL LOANS 56,061,420
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -982,680
 Land And Building 709,926
 Other Fixed Assets 349,373
 NCUSIF Deposit 624,645
 All Other Assets 269,097
  TOTAL ASSETS 70,580,442
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,084,994
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,807,423
 Regular shares 18,603,350
 All Other Shares & Deposits 37,238,051
  TOTAL SHARES & DEPOSITS 63,648,824
  TOTAL LIABILITIES 64,733,818
 Regular Reserve 0
 Other Reserves -228,355
 Undivided Earnings 6,074,979
  TOTAL EQUITY 5,846,624
  TOTAL LIABILITIES, SHARES, & EQUITY 70,580,442
INCOME & EXPENSE  
 Loan Income 4,539,827
 Investment Income 511,223
 Other Income 1,066,062
 Total Employee Compensation & Benefits 1,738,567
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,830,303
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 779,492
 Cost of Funds 1,001,077
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 616,862
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