Overview / Commentary
Allvac Savings And Credit Union is headquartered in MONROE and is the 61st largest credit union in the state of North Carolina. It is also the 4,222nd largest credit union in the nation. It was established in 1964 and as of December of 2019, it had grown to 3 employees and 1,366 members at 2 locations. Allvac Savings And Credit Union has a C+ health rating.
Field of Membership Restrictions
Allvac Savings and Credit Union is open to Allvac employees and their direct family members. Your status as a member is for life as long as you retain a $5. balance in your savings account.
See current membership details
Health
C+
Data as of Q4 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Allvac Savings And Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 60660 |
| Year Chartered | 1964 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 1.33% |
| Annual Interest Income | $316.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $7.6MM$8.1MM |
| Loans | Q4 2019vs Q4 2018 | $4.5MM$4.2MM |
| Deposits | Q4 2019vs Q4 2018 | $6.4MM$6.8MM |
| Equity Capital | Q4 2019vs Q4 2018 | $1.3MM$1.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $53.00K$25.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $121.00K$98.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |