Dec, 31, 2023 — MARVEL CITY FEDERAL CREDIT UNION is a federal credit union headquartered in BESSEMER, AL with 1 branch location and about $9.06 million in total assets. Opened 65 years ago in 1959, MARVEL CITY FEDERAL CREDIT UNION has about 919 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARVEL CITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 316 17th St N BESSEMER, AL 35020 |
| Phone: | (205) 426-0578 |
| Fax: | (205) 426-0572 |
| Website: | https://www.marvelcityfcu.com |
| Branches: | 1 branch locations |
| Members: | 919 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12837 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,063,183 |
| CEO/Manager: | Gina F Bigham |
| Chairperson: | Thomas M Dehmer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 735,996 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 193,907 |
| Unsecured Loans | 657,443 |
| Other Loans | 2,015,736 |
| TOTAL LOANS | 2,901,967 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -78,465 |
| Land And Building | 15,001 |
| Other Fixed Assets | 3,315 |
| NCUSIF Deposit | 73,258 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,063,183 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 32,475 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,097,876 |
| Regular shares | 3,234,477 |
| All Other Shares & Deposits | 3,265,470 |
| TOTAL SHARES & DEPOSITS | 7,597,823 |
| TOTAL LIABILITIES | 7,630,298 |
| Regular Reserve | 0 |
| Other Reserves | 238,325 |
| Undivided Earnings | 1,194,560 |
| TOTAL EQUITY | 1,432,885 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,063,183 |
| INCOME & EXPENSE | |
| Loan Income | 235,820 |
| Investment Income | 239,793 |
| Other Income | 42,552 |
| Total Employee Compensation & Benefits | 197,649 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 149,999 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 86,000 |
| Cost of Funds | 75,151 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 70,858 |
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