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GREATER NEW MT. MORIAH BAPTIST CHRH CREDIT UNION

Mar, 31, 2021 — GREATER NEW MT. MORIAH BAPTIST CHRH CREDIT UNION is a federally insured state chartered credit union headquartered in DETROIT, MI with 1 branch location and about $219,763 in total assets. Opened 53 years ago in 1968, GREATER NEW MT. MORIAH BAPTIST CHRH CREDIT UNION has about 159 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:GREATER NEW MT. MORIAH BAPTIST CHRH CREDIT UNION
Address:
(Main Office)
586 OWEN ST
DETROIT, MI 48202-1819
Phone:(313) 871-0744
Fax:(313) 871-7490
Website:n/a
Branches:1 branch locations
Members:159
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62324
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1968
Last Audited:Jul 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$219,763
CEO/Manager:Vincent L Fields
Chairperson:Herbert Wright

Call Report

  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 190,365
TOTAL INVESTMENTS 1,820
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 6,304
 Other Loans 22,476
 TOTAL LOANS 28,780
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,000
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 1,518
 All Other Assets 1,280
  TOTAL ASSETS 219,763
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 747
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 39,365
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 39,365
  TOTAL LIABILITIES 40,112
 Regular Reserve 25,615
 Other Reserves 0
 Undivided Earnings 154,036
  TOTAL EQUITY 179,651
  TOTAL LIABILITIES, SHARES, & EQUITY 219,763
INCOME & EXPENSE  
 Loan Income 1,908
 Investment Income 31
 Other Income 0
 Total Employee Compensation & Benefits 1,938
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 807
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -10,959
 Cost of Funds 17,611
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -7,458
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