Dec, 31, 2023 — MESSIAH BAPTIST-JUBILEE FEDERAL CREDIT UNION is a federal credit union headquartered in BROCKTON, MA with 1 branch location and about $952,536 in total assets. Opened 41 years ago in 1983, MESSIAH BAPTIST-JUBILEE FEDERAL CREDIT UNION has about 244 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MESSIAH BAPTIST-JUBILEE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 80 Legion Pkwy BROCKTON, MA 02301 |
| Phone: | (508) 584-1963 |
| Fax: | (508) 588-3308 |
| Website: | https://www.mbjfcu.org |
| Branches: | 1 branch locations |
| Members: | 244 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24043 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1983 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $952,536 |
| CEO/Manager: | Steven Luke |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 199,136 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 102,370 |
| Other Loans | 222,805 |
| TOTAL LOANS | 325,175 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,549 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 9,055 |
| All Other Assets | 0 |
| TOTAL ASSETS | 952,536 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 706,479 |
| All Other Shares & Deposits | 71,124 |
| TOTAL SHARES & DEPOSITS | 777,604 |
| TOTAL LIABILITIES | 777,604 |
| Regular Reserve | 0 |
| Other Reserves | 11,295 |
| Undivided Earnings | 163,637 |
| TOTAL EQUITY | 174,932 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 952,536 |
| INCOME & EXPENSE | |
| Loan Income | 17,622 |
| Investment Income | 21,098 |
| Other Income | 2,957 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,482 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,379 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 26,816 |
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» See also Statement of Financial Condition