Credit Unions Near Me
National Credit Union Service Organization

LITHIUM FEDERAL CREDIT UNION

Dec, 31, 2023 — LITHIUM FEDERAL CREDIT UNION is a federal credit union headquartered in BESSEMER CITY, NC with 1 branch location and about $14.39 million in total assets. Opened 68 years ago in 1956, LITHIUM FEDERAL CREDIT UNION has about 1,466 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LITHIUM FEDERAL CREDIT UNION
Address:
(Main Office)
1111 BESSEMER CITY KINGS MTN HWY
BESSEMER CITY, NC 28016-9640
Phone:(704) 868-0890
Fax:(704) 868-5497
Website:https://www.lithiumfcu.org
Branches:1 branch locations
Members:1,466
Credit Union Type:Federal Credit Union
Charter Number:11409
Membership Type:Multiple common bond - Primarily chemical
Corporate Credit Union:No
Year Opened:1956
Last Audited:Dec 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$14,391,110
CEO/Manager:Eric R Campbell
Chairperson:JACKIE L GOODE

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,732,716
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,294,518
 Unsecured Loans 1,034,260
 Other Loans 6,187,297
 TOTAL LOANS 10,516,075
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -132,947
 Land And Building 10,503
 Other Fixed Assets 15,921
 NCUSIF Deposit 110,830
 All Other Assets 0
  TOTAL ASSETS 14,391,110
LIABILITIES & CAPITAL:  
 Dividends Payable 38,620
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 63,726
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,452,927
 Regular shares 5,274,813
 All Other Shares & Deposits 5,438,490
  TOTAL SHARES & DEPOSITS 12,166,230
  TOTAL LIABILITIES 12,268,576
 Regular Reserve 0
 Other Reserves 731,850
 Undivided Earnings 1,390,684
  TOTAL EQUITY 2,122,534
  TOTAL LIABILITIES, SHARES, & EQUITY 14,391,110
INCOME & EXPENSE  
 Loan Income 678,194
 Investment Income 99,708
 Other Income 35,176
 Total Employee Compensation & Benefits 308,364
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 297,734
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 40,087
 Cost of Funds 128,416
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 126,004
↑ Back to Top

Other Credit Unions

HSM FEDERAL CREDIT UNION
235 2ND AVE NW
HICKORY, NC 28601
PIEDMONT CREDIT UNION
1913 W Front St
STATESVILLE, NC 28677-3646
ALLVAC SAVINGS AND CREDIT UNION
2020 Ashcraft Ave
MONROE, NC 28110-3720
BLUE FLAME CREDIT UNION
2000 Continental Blvd
CHARLOTTE, NC 28273
CS CREDIT UNION
6519 Comm Scope Rd
CATAWBA, NC 28609
SHUFORD FEDERAL CREDIT UNION
882 16th St NE
HICKORY, NC 28601
MCDOWELL CORNERSTONE CREDIT UNION
2031 RUTHERFORD RD
MARION, NC 28752
CAROLINA FEDERAL CREDIT UNION
1200 E Church St
CHERRYVILLE, NC 28021-9211
CHARLOTTE FIRE DEPARTMENT CREDIT UNION
2121 Commonwealth Ave
CHARLOTTE, NC 28205-5100
CAROLINA COOPERATIVE FEDERAL CREDIT UNION
6502 McMahan Dr
CHARLOTTE, NC 28226