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ALLVAC SAVINGS AND CREDIT UNION

Dec, 31, 2021 — ALLVAC SAVINGS AND CREDIT UNION is a federally insured state chartered credit union headquartered in MONROE, NC with 2 branch locations and about $8.65 million in total assets. Opened 58 years ago in 1964, ALLVAC SAVINGS AND CREDIT UNION has about 1,144 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:http://www.allvaccu.com
Branches:2 branch locations
Members:1,144
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:$8,652,590
CEO/Manager:JOY T PAGE
Chairperson:RONALD J HOWIE

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,090,388
TOTAL INVESTMENTS 295,660
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 477,603
 Other Loans 2,712,322
 TOTAL LOANS 3,189,925
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -30,720
 Land And Building 0
 Other Fixed Assets 24,740
 NCUSIF Deposit 71,191
 All Other Assets 11,406
  TOTAL ASSETS 8,652,590
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9,386
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 830,461
 Regular shares 6,509,883
 All Other Shares & Deposits 90,784
  TOTAL SHARES & DEPOSITS 7,431,128
  TOTAL LIABILITIES 7,440,514
 Regular Reserve 226,612
 Other Reserves 0
 Undivided Earnings 985,464
  TOTAL EQUITY 1,212,076
  TOTAL LIABILITIES, SHARES, & EQUITY 8,652,590
INCOME & EXPENSE  
 Loan Income 169,245
 Investment Income 10,214
 Other Income 36,929
 Total Employee Compensation & Benefits 137,848
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 150,133
 Non-operating Income & (Expense) 8,104
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 27,288
 Cost of Funds 3,774
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -62,085
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