Lion's Share Federal Credit Union
Overview / Commentary
Lion's Share Federal Credit Union is headquartered in Salisbury and is the 31st largest credit union in the state of North Carolina. It is also the 2,130th largest credit union in the nation. It was established in 1982 and as of September of 2024, it had grown to 26 employees and 12,845 members at 1 location. Lion's Share Federal Credit Union has a C- health rating.
Field of Membership Restrictions
Membership in Lion's Share Federal Credit Union is open to associates, and retirees, along with their immediate family members, of AHOLD/Delhaize USA, including Food Lion, LLC, Hannaford, Giant, Giant Martins, PeaPod Digital Labs, ADUSA Transportation, ADUSA Supply Chain, Retail Business Services, FreshDirect and Stop & Shop.
See current membership details
Health
C-
Data as of Q3 2024
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Lion's Share Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24813 |
| Year Chartered | 1982 |
| Employees | 26 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.67% |
| Return on Equity - YTD | -23.5% |
| Annual Interest Income | $3.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $70.6MM$71.9MM |
| Loans | Q3 2024vs Q3 2023 | $52.8MM$56.7MM |
| Deposits | Q3 2024vs Q3 2023 | $64.6MM$65.5MM |
| Equity Capital | Q3 2024vs Q3 2023 | $5MM$5.7MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $1.2MM$941K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $2.7MM$1.9MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |