The mission of the Lion’s Share Federal Credit Union is to provide our members with quality financial services at competitive rates and in a courteous and efficient manner, while maintaining a sound financial structure.
Our purpose is to promote thrift by encouraging savings and offering loans, both at competitive rates of interest. Unlike a bank or finance company, our goal is not to accumulate profits. After our expenses are paid and reserves for losses are set aside, our income is returned to the members in dividends or other benefits in new products and services.
Our Board of Directors consists of nine members, who are elected by the membership at our annual meeting. This board directs the business affairs, funds, and records of the credit union. Meetings are held once a month and on other occasions, as necessary. Our Supervisory Committee consists of three members, who are also appointed by the Board of Directors. This committee is responsible for monitoring the credit union’s operation according to Federal law and has the responsibility of making an annual audit of the credit union’s records. Audit reports are reviewed by the Board of Directors and the Credit Union Division, of the NCUA.
Lion’s Share Federal Credit Union is a full-service financial cooperative that was established in 1982 as Food Lion Credit Association CU. In 2007 our name changed, but our purpose remained the same; to serve only one common bond, the hard working employees and retirees of Delhaize America, along with their family members.
A credit union is a group of people who combine their funds and who make those funds work for their own benefit. You will find references throughout our publications to “Your Credit Union” because that’s what it is: Your Credit Union. We have no stockholders to decide how to treat your money or to decide how to make it work for them, instead of you.
Your Credit Union is governed by a Board of Directors, elected by the membership. These volunteers direct the organization and decide the direction it should go. They hire the management and staff to carry out the plans and everyday functions of the organization.
When you open your Share Savings account, you become a member-owner, not a customer. Lion’s Share Federal Credit Union encourages your suggestions and comments. Telling us what you want or need in a financial institution, allows us the opportunity to try to provide it.
Contact InformationPhone Number: 800-889-2393
Address: 850 Harrison Road Salisbury, NC 28147-9021
Email: [email protected]