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MOUNT OLIVE BAPTIST CHURCH FEDERAL CREDIT UNION

Dec, 31, 2021 — MOUNT OLIVE BAPTIST CHURCH FEDERAL CREDIT UNION is a federal credit union headquartered in ARLINGTON, TX with 1 branch location and about $9.69 million in total assets. Opened 25 years ago in 1997, MOUNT OLIVE BAPTIST CHURCH FEDERAL CREDIT UNION has about 1,246 members 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:1,246
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$9,694,493
CEO/Manager:CHARLOTTE M WILLIS
Chairperson:Michael Guyton

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,504,681
TOTAL INVESTMENTS 679,533
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 121,628
 Other Loans 4,343,189
 TOTAL LOANS 4,464,817
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -30,768
 Land And Building 0
 Other Fixed Assets 2,584
 NCUSIF Deposit 65,682
 All Other Assets 7,964
  TOTAL ASSETS 9,694,493
LIABILITIES & CAPITAL:  
 Dividends Payable 27
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 88,273
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 8,183,299
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 8,183,299
  TOTAL LIABILITIES 8,271,599
 Regular Reserve 0
 Other Reserves 132,516
 Undivided Earnings 1,290,378
  TOTAL EQUITY 1,422,894
  TOTAL LIABILITIES, SHARES, & EQUITY 9,694,493
INCOME & EXPENSE  
 Loan Income 237,622
 Investment Income 4,525
 Other Income 14,567
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 134,975
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -125,867
 Cost of Funds 48,383
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 206,001
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