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 |
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