Dec, 31, 2023 — MOUNT VERNON BAPTIST CHURCH CREDIT UNION is a federally insured state chartered credit union headquartered in DURHAM, NC with 1 branch location and about $142,926 in total assets. Opened 76 years ago in 1948, MOUNT VERNON BAPTIST CHURCH CREDIT UNION has about 315 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOUNT VERNON BAPTIST CHURCH CREDIT UNION |
|---|---|
| Address: (Main Office) | 1007 S Roxboro St DURHAM, NC 27707 |
| Phone: | (919) 688-1823 |
| Fax: | (919) 688-0163 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 315 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63595 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $142,926 |
| CEO/Manager: | Rosalyn M Cole |
| Chairperson: | Ronald W Rogers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,655 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 10,270 |
| Other Loans | 0 |
| TOTAL LOANS | 10,270 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,824 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 868 |
| All Other Assets | 0 |
| TOTAL ASSETS | 142,926 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,506 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 89,186 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 89,186 |
| TOTAL LIABILITIES | 91,692 |
| Regular Reserve | 0 |
| Other Reserves | 26,774 |
| Undivided Earnings | 24,460 |
| TOTAL EQUITY | 51,234 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 142,926 |
| INCOME & EXPENSE | |
| Loan Income | 38 |
| Investment Income | 0 |
| Other Income | 6 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 602 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -558 |
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