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MOUNT VERNON BAPTIST CHURCH CREDIT UNION

Dec, 31, 2020 — MOUNT VERNON BAPTIST CHURCH CREDIT UNION is a federally insured state chartered credit union headquartered in DURHAM, NC with 1 branch location and about $159,670 in total assets. Opened 73 years ago in 1948, MOUNT VERNON BAPTIST CHURCH CREDIT UNION has about 320 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:http://mvbcdurham.org
Branches:1 branch locations
Members:320
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:Feb 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$159,670
CEO/Manager:Rosalyn M Cole
Chairperson:Ronald W Rogers

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,208
TOTAL INVESTMENTS 140,853
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 16,410
 Other Loans 0
 TOTAL LOANS 16,410
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -824
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 1,023
 All Other Assets 0
  TOTAL ASSETS 159,670
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,454
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 101,606
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 101,606
  TOTAL LIABILITIES 104,060
 Regular Reserve 26,774
 Other Reserves 0
 Undivided Earnings 28,836
  TOTAL EQUITY 55,610
  TOTAL LIABILITIES, SHARES, & EQUITY 159,670
INCOME & EXPENSE  
 Loan Income 1,118
 Investment Income 275
 Other Income 0
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,923
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 686
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,216
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