Dec, 31, 2023 — ALLVAC SAVINGS AND CREDIT UNION is a federally insured state chartered credit union headquartered in MONROE, NC with 1 branch location and about $8.00 million in total assets. Opened 60 years ago in 1964, ALLVAC SAVINGS AND CREDIT UNION has about 1,276 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 |
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Address: (Main Office) | 2020 Ashcraft Ave MONROE, NC 28110-3720 |
Phone: | (704) 291-7112 |
Fax: | (704) 291-7312 |
Website: | https://www.allvaccu.com |
Branches: | 1 branch locations |
Members: | 1,276 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60660 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,997,694 |
CEO/Manager: | JOY T PAGE |
Chairperson: | RONALD J HOWIE |
ASSETS: | $ Amount |
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Cash & Equivalents | 624,140 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 623,319 |
Other Loans | 4,604,174 |
TOTAL LOANS | 5,227,493 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,752 |
Land And Building | 0 |
Other Fixed Assets | 159,365 |
NCUSIF Deposit | 66,847 |
All Other Assets | 0 |
TOTAL ASSETS | 7,997,694 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 84 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 17,257 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 603,118 |
Regular shares | 5,900,352 |
All Other Shares & Deposits | 132,427 |
TOTAL SHARES & DEPOSITS | 6,635,897 |
TOTAL LIABILITIES | 6,653,238 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,344,456 |
TOTAL EQUITY | 1,344,456 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,997,694 |
INCOME & EXPENSE | |
Loan Income | 315,151 |
Investment Income | 28,824 |
Other Income | 89,800 |
Total Employee Compensation & Benefits | 172,588 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 200,908 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,359 |
Cost of Funds | 9,472 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 98,349 |
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