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MOUNT VERNON BAPTIST CHURCH CREDIT UNION

Dec, 31, 2021 — MOUNT VERNON BAPTIST CHURCH CREDIT UNION is a federally insured state chartered credit union headquartered in DURHAM, NC with 1 branch location and about $142,548 in total assets. Opened 74 years ago in 1948, MOUNT VERNON BAPTIST CHURCH CREDIT UNION has about 312 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:312
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$142,548
CEO/Manager:Rosalyn M Cole
Chairperson:Ronald W Rogers

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,304
TOTAL INVESTMENTS 128,064
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 9,988
 Other Loans 0
 TOTAL LOANS 9,988
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -824
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 1,016
 All Other Assets 0
  TOTAL ASSETS 142,548
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,625
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 86,784
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 86,784
  TOTAL LIABILITIES 88,409
 Regular Reserve 26,774
 Other Reserves 0
 Undivided Earnings 27,365
  TOTAL EQUITY 54,139
  TOTAL LIABILITIES, SHARES, & EQUITY 142,548
INCOME & EXPENSE  
 Loan Income 1,024
 Investment Income 249
 Other Income 1
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,094
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 585
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,405
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