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MOUNT OLIVE BAPTIST CHURCH FEDERAL CREDIT UNION

Dec, 31, 2023 — MOUNT OLIVE BAPTIST CHURCH FEDERAL CREDIT UNION is a federal credit union headquartered in ARLINGTON, TX with 1 branch location and about $10.31 million in total assets. Opened 27 years ago in 1997, MOUNT OLIVE BAPTIST CHURCH FEDERAL CREDIT UNION has about 1,332 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MOUNT OLIVE BAPTIST CHURCH FEDERAL CREDIT UNION
Address:
(Main Office)
514 NL Robinson Dr
ARLINGTON, TX 76011-7473
Phone:(817) 261-9325
Fax:(817) 275-2806
Website:https://mobcfcu.com
Branches:1 branch locations
Members:1,332
Credit Union Type:Federal Credit Union
Charter Number:24605
Membership Type:Multiple common bond - Primarily faith based
Corporate Credit Union:No
Year Opened:1997
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$10,312,970
CEO/Manager:CHARLOTTE M WILLIS
Chairperson:Michael Guyton

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 901,891
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 188,130
 Other Loans 6,251,227
 TOTAL LOANS 6,439,356
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -99,253
 Land And Building 0
 Other Fixed Assets 1,032
 NCUSIF Deposit 78,514
 All Other Assets 0
  TOTAL ASSETS 10,312,970
LIABILITIES & CAPITAL:  
 Dividends Payable 128
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 126,447
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 8,609,793
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 8,609,793
  TOTAL LIABILITIES 8,736,368
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,576,602
  TOTAL EQUITY 1,576,602
  TOTAL LIABILITIES, SHARES, & EQUITY 10,312,970
INCOME & EXPENSE  
 Loan Income 267,757
 Investment Income 172,422
 Other Income 17,420
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 177,668
 Non-operating Income & (Expense) 2,833
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 44,290
 Cost of Funds 125,638
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 116,064
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