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MOUNT OLIVE BAPTIST CHURCH FEDERAL CREDIT UNION

Mar, 31, 2021 — MOUNT OLIVE BAPTIST CHURCH FEDERAL CREDIT UNION is a federal credit union headquartered in Arlington, TX with 1 branch location and about $8.81 million in total assets. Opened 24 years ago in 1997, MOUNT OLIVE BAPTIST CHURCH FEDERAL CREDIT UNION has about 1,269 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MOUNT OLIVE BAPTIST CHURCH FEDERAL CREDIT UNION
Address:
(Main Office)
514 N.L. Robinson Dr
Arlington, TX 76011
Phone:(817) 261-9325
Fax:(817) 275-2806
Website:http://mobcfcu.com
Branches:1 branch locations
Members:1,269
Credit Union Type:Federal Credit Union
Charter Number:24605
Membership Type:Multiple common bond - Primarily faith based
Corporate Credit Union:No
Year Opened:1997
Last Audited:May 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$8,812,858
CEO/Manager:CHARLOTTE M WILLIS
Chairperson:Michael Guyton

Call Report

  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,351,965
TOTAL INVESTMENTS 427,959
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 116,768
 Other Loans 4,004,896
 TOTAL LOANS 4,121,664
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -159,476
 Land And Building 0
 Other Fixed Assets 4,080
 NCUSIF Deposit 58,396
 All Other Assets 8,270
  TOTAL ASSETS 8,812,858
LIABILITIES & CAPITAL:  
 Dividends Payable 3
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 232,733
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 7,352,396
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 7,352,396
  TOTAL LIABILITIES 7,585,132
 Regular Reserve 0
 Other Reserves 132,516
 Undivided Earnings 1,095,210
  TOTAL EQUITY 1,227,726
  TOTAL LIABILITIES, SHARES, & EQUITY 8,812,858
INCOME & EXPENSE  
 Loan Income 58,387
 Investment Income 1,004
 Other Income 3,595
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 40,040
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 8,628
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 14,318
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