Dec, 31, 2023 — OLIVET BAPTIST CREDIT UNION is a federally insured state chartered credit union headquartered in CORDOVA, TN with 1 branch location and about $731,958 in total assets. Opened 46 years ago in 1978, OLIVET BAPTIST CREDIT UNION has about 964 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | OLIVET BAPTIST CREDIT UNION |
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Address: (Main Office) | 10000 Woodland Hills Dr CORDOVA, TN 38018 |
Phone: | (901) 454-7777 |
Fax: | |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 964 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68165 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1978 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $731,958 |
CEO/Manager: | Marilyn Blanks |
Chairperson: | Douglas Wright II |
ASSETS: | $ Amount |
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Cash & Equivalents | 178,793 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 31,565 |
Other Loans | 127,558 |
TOTAL LOANS | 159,123 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,274 |
Land And Building | 0 |
Other Fixed Assets | 4,446 |
NCUSIF Deposit | 6,861 |
All Other Assets | 0 |
TOTAL ASSETS | 731,958 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 17 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,645 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 654,864 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 654,864 |
TOTAL LIABILITIES | 656,526 |
Regular Reserve | 0 |
Other Reserves | 55,937 |
Undivided Earnings | 19,495 |
TOTAL EQUITY | 75,432 |
TOTAL LIABILITIES, SHARES, & EQUITY | 731,958 |
INCOME & EXPENSE | |
Loan Income | 13,614 |
Investment Income | 9,669 |
Other Income | 2,561 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,671 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 900 |
Cost of Funds | 1,342 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,931 |
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