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 |
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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 |
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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, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,860,123 |
CEO/Manager: | Gina F Bigham |
Chairperson: | Thomas M Dehmer |
ASSETS: | $ Amount |
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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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