Dec, 31, 2020 — MARVEL CITY FEDERAL CREDIT UNION is a federal credit union headquartered in BESSEMER, AL with 1 branch location and about $7.86 million in total assets. Opened 62 years ago in 1959, MARVEL CITY FEDERAL CREDIT UNION has about 956 members and employs 3 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) | PO BOX 713 BESSEMER, AL 35021 |
| Phone: | (205) 426-0578 |
| Fax: | (205) 426-0572 |
| Website: | http://www.marvelcityfcu.com |
| Branches: | 1 branch locations |
| Members: | 956 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,860,123 |
| CEO/Manager: | Gina F Bigham |
| Chairperson: | Thomas M Dehmer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,093,759 |
| TOTAL INVESTMENTS | 4,118,931 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 331,415 |
| Unsecured Loans | 618,774 |
| Other Loans | 1,700,511 |
| TOTAL LOANS | 2,650,700 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -93,823 |
| Land And Building | 15,001 |
| Other Fixed Assets | 10,211 |
| NCUSIF Deposit | 56,955 |
| All Other Assets | 8,389 |
| TOTAL ASSETS | 7,860,123 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 37,763 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 729,096 |
| Regular shares | 3,239,248 |
| All Other Shares & Deposits | 2,586,645 |
| TOTAL SHARES & DEPOSITS | 6,554,989 |
| TOTAL LIABILITIES | 6,592,752 |
| Regular Reserve | 238,325 |
| Other Reserves | 0 |
| Undivided Earnings | 1,029,046 |
| TOTAL EQUITY | 1,267,371 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,860,123 |
| INCOME & EXPENSE | |
| Loan Income | 251,430 |
| Investment Income | 49,358 |
| Other Income | 94,475 |
| Total Employee Compensation & Benefits | 157,222 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 124,266 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,000 |
| Cost of Funds | 30,298 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 43,477 |
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