Jun, 30, 2024 — ALLVAC SAVINGS AND CREDIT UNION is a federally insured state chartered credit union headquartered in MONROE, NC with 2 branch locations and about $7.90 million in total assets. Opened 61 years ago in 1964, ALLVAC SAVINGS AND CREDIT UNION has about 1,166 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: | 2 branch locations |
Members: | 1,166 |
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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,902,533 |
CEO/Manager: | JOY T PAGE |
Chairperson: | RONALD J HOWIE |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,534,869 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 591,121 |
Other Loans | 3,410,236 |
TOTAL LOANS | 4,001,357 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,283 |
Land And Building | 0 |
Other Fixed Assets | 19,126 |
NCUSIF Deposit | 74,311 |
All Other Assets | 0 |
TOTAL ASSETS | 7,902,533 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -61,939 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 473,587 |
Regular shares | 6,258,494 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 6,732,081 |
TOTAL LIABILITIES | 6,670,142 |
Regular Reserve | 0 |
Other Reserves | 226,948 |
Undivided Earnings | 1,005,443 |
TOTAL EQUITY | 1,232,391 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,902,533 |
INCOME & EXPENSE | |
Loan Income | 156,020 |
Investment Income | 25,545 |
Other Income | 53,748 |
Total Employee Compensation & Benefits | 123,529 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 127,947 |
Non-operating Income & (Expense) | 4,759 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 1,015 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 20,314 |
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