Dec, 31, 2023 — OLIVET BAPTIST CREDIT UNION is a federally insured state chartered credit union headquartered in CORDOVA, TN with 1 branch location and about $731,958 in total assets. Opened 46 years ago in 1978, OLIVET BAPTIST CREDIT UNION has about 964 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OLIVET BAPTIST CREDIT UNION |
|---|---|
| Address: (Main Office) | 10000 Woodland Hills Dr CORDOVA, TN 38018 |
| Phone: | (901) 454-7777 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 964 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68165 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $731,958 |
| CEO/Manager: | Marilyn Blanks |
| Chairperson: | Douglas Wright II |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 178,793 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 31,565 |
| Other Loans | 127,558 |
| TOTAL LOANS | 159,123 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,274 |
| Land And Building | 0 |
| Other Fixed Assets | 4,446 |
| NCUSIF Deposit | 6,861 |
| All Other Assets | 0 |
| TOTAL ASSETS | 731,958 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 17 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,645 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 654,864 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 654,864 |
| TOTAL LIABILITIES | 656,526 |
| Regular Reserve | 0 |
| Other Reserves | 55,937 |
| Undivided Earnings | 19,495 |
| TOTAL EQUITY | 75,432 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 731,958 |
| INCOME & EXPENSE | |
| Loan Income | 13,614 |
| Investment Income | 9,669 |
| Other Income | 2,561 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,671 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 900 |
| Cost of Funds | 1,342 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,931 |
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