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ALLVAC SAVINGS AND CREDIT UNION

Sep, 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 $8.61 million in total assets. Opened 58 years ago in 1964, ALLVAC SAVINGS AND CREDIT UNION has about 1,222 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:1,222
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:$8,605,725
CEO/Manager:JOY T PAGE
Chairperson:RONALD J HOWIE

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,811,308
TOTAL INVESTMENTS 447,655
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 467,916
 Other Loans 2,791,791
 TOTAL LOANS 3,259,707
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -24,375
 Land And Building 0
 Other Fixed Assets 27,236
 NCUSIF Deposit 71,191
 All Other Assets 13,003
  TOTAL ASSETS 8,605,725
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -67,689
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 599,429
 Regular shares 6,744,924
 All Other Shares & Deposits 90,159
  TOTAL SHARES & DEPOSITS 7,434,512
  TOTAL LIABILITIES 7,366,823
 Regular Reserve 226,612
 Other Reserves 0
 Undivided Earnings 1,012,290
  TOTAL EQUITY 1,238,902
  TOTAL LIABILITIES, SHARES, & EQUITY 8,605,725
INCOME & EXPENSE  
 Loan Income 125,871
 Investment Income 8,702
 Other Income 27,188
 Total Employee Compensation & Benefits 102,057
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 111,250
 Non-operating Income & (Expense) 8,104
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 13,232
 Cost of Funds 2,816
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -35,259
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