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ALLVAC SAVINGS AND CREDIT UNION

Jun, 30, 2021 — ALLVAC SAVINGS AND CREDIT UNION is a federally insured state chartered credit union headquartered in MONROE, NC with 2 branch locations and about $8.46 million in total assets. Opened 57 years ago in 1964, ALLVAC SAVINGS AND CREDIT UNION has about 1,125 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:ALLVAC SAVINGS AND CREDIT UNION
Address:
(Main Office)
PO BOX 5030
MONROE, NC 28111
Phone:(704) 291-7112
Fax:(704) 291-7312
Website:http://www.allvaccu.com
Branches:2 branch locations
Members:1,125
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60660
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1964
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$8,463,762
CEO/Manager:JOY T PAGE
Chairperson:RONALD J HOWIE

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,559,055
TOTAL INVESTMENTS 647,660
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 466,451
 Other Loans 2,704,756
 TOTAL LOANS 3,171,207
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,213
 Land And Building 0
 Other Fixed Assets 26,573
 NCUSIF Deposit 71,191
 All Other Assets 16,289
  TOTAL ASSETS 8,463,762
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -45,352
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 483,201
 Regular shares 6,698,470
 All Other Shares & Deposits 89,539
  TOTAL SHARES & DEPOSITS 7,271,210
  TOTAL LIABILITIES 7,225,858
 Regular Reserve 226,612
 Other Reserves 0
 Undivided Earnings 1,011,292
  TOTAL EQUITY 1,237,904
  TOTAL LIABILITIES, SHARES, & EQUITY 8,463,762
INCOME & EXPENSE  
 Loan Income 82,932
 Investment Income 7,132
 Other Income 16,927
 Total Employee Compensation & Benefits 70,828
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 73,511
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 13,232
 Cost of Funds 1,858
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -36,257
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