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 |
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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 |
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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 |
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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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» See also Statement of Financial Condition