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ALLVAC SAVINGS AND CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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