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MESSIAH BAPTIST-JUBILEE FEDERAL CREDIT UNION

Jun, 30, 2021 — MESSIAH BAPTIST-JUBILEE FEDERAL CREDIT UNION is a federal credit union headquartered in BROCKTON, MA with 1 branch location and about $1.11 million in total assets. Opened 38 years ago in 1983, MESSIAH BAPTIST-JUBILEE FEDERAL CREDIT UNION has about 311 members and employs 11 full and part-time employees 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)
P O BOX 696
BROCKTON, MA 02303-0696
Phone:(508) 584-1963
Fax:(508) 588-3308
Website:n/a
Branches:1 branch locations
Members:311
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,107,880
CEO/Manager:Steven Luke
Chairperson:

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 111,359
TOTAL INVESTMENTS 552,761
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 218,257
 Other Loans 226,150
 TOTAL LOANS 444,407
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,466
 Land And Building 0
 Other Fixed Assets 1,137
 NCUSIF Deposit 7,631
 All Other Assets 51
  TOTAL ASSETS 1,107,880
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 843,073
 All Other Shares & Deposits 115,038
  TOTAL SHARES & DEPOSITS 958,111
  TOTAL LIABILITIES 958,111
 Regular Reserve 11,295
 Other Reserves 0
 Undivided Earnings 138,474
  TOTAL EQUITY 149,769
  TOTAL LIABILITIES, SHARES, & EQUITY 1,107,880
INCOME & EXPENSE  
 Loan Income 9,016
 Investment Income 427
 Other Income 13,302
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,708
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,278
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,759
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