Dec, 31, 2023 — THE INFIRMARY FEDERAL CREDIT UNION is a federal credit union headquartered in MOBILE, AL with 2 branch locations and about $29.11 million in total assets. Opened 50 years ago in 1974, THE INFIRMARY FEDERAL CREDIT UNION has about 4,626 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | THE INFIRMARY FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 130 Mobile Infirmary Blvd MOBILE, AL 36607 |
Phone: | (251) 435-5900 |
Fax: | (251) 435-5975 |
Website: | https://www.theinfirmaryfcu.com |
Branches: | 2 branch locations |
Members: | 4,626 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21794 |
---|---|
Membership Type: | Service - Health Care |
Corporate Credit Union: | No |
Year Opened: | 1974 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $29,106,324 |
CEO/Manager: | Mindy Maghupoy |
Chairperson: | Clewis W Smith, Jr. |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,991,938 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 977,174 |
Unsecured Loans | 1,535,185 |
Other Loans | 12,534,149 |
TOTAL LOANS | 15,517,519 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -188,557 |
Land And Building | 1,494,406 |
Other Fixed Assets | 125,898 |
NCUSIF Deposit | 292,639 |
All Other Assets | 0 |
TOTAL ASSETS | 29,106,324 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 119,127 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,166,882 |
Regular shares | 17,649,544 |
All Other Shares & Deposits | 1,518,247 |
TOTAL SHARES & DEPOSITS | 25,334,672 |
TOTAL LIABILITIES | 25,453,799 |
Regular Reserve | 0 |
Other Reserves | -442,095 |
Undivided Earnings | 4,094,620 |
TOTAL EQUITY | 3,652,525 |
TOTAL LIABILITIES, SHARES, & EQUITY | 29,106,324 |
INCOME & EXPENSE | |
Loan Income | 724,338 |
Investment Income | 332,198 |
Other Income | 1,079,462 |
Total Employee Compensation & Benefits | 708,070 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 986,008 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 123,623 |
Cost of Funds | 72,412 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 258,909 |
↑ Back to Top |