Dec, 31, 2023 — MESSIAH BAPTIST CHURCH FEDERAL CREDIT UNION is a federal credit union headquartered in EAST ORANGE, NJ with 0 branch location and about $364,502 in total assets. Opened 51 years ago in 1973, MESSIAH BAPTIST CHURCH FEDERAL CREDIT UNION has about 185 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MESSIAH BAPTIST CHURCH FEDERAL CREDIT UNION |
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Address: (Main Office) | 13 Oak St # 17 EAST ORANGE, NJ 07018 |
Phone: | (973) 676-7374 |
Fax: | (973) 676-7066 |
Website: | https://www.mbcfcu.org |
Branches: | 0 branch locations |
Members: | 185 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21440 |
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Membership Type: | Associational - Religious, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1973 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $364,502 |
CEO/Manager: | Eddie W Daniels |
Chairperson: | Dana P Owens |
ASSETS: | $ Amount |
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Cash & Equivalents | 109,444 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 20,507 |
Other Loans | 153,367 |
TOTAL LOANS | 173,875 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,232 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 2,831 |
All Other Assets | 0 |
TOTAL ASSETS | 364,502 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 438 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,193 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 317,970 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 317,970 |
TOTAL LIABILITIES | 321,601 |
Regular Reserve | 0 |
Other Reserves | 7,500 |
Undivided Earnings | 35,401 |
TOTAL EQUITY | 42,901 |
TOTAL LIABILITIES, SHARES, & EQUITY | 364,502 |
INCOME & EXPENSE | |
Loan Income | 4,157 |
Investment Income | 8,338 |
Other Income | 490 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,969 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 2,244 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,977 |
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