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.
Name: | LION'S SHARE FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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