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MARVEL CITY FEDERAL CREDIT UNION

Mar, 31, 2021 — MARVEL CITY FEDERAL CREDIT UNION is a federal credit union headquartered in BESSEMER, AL with 1 branch location and about $8.23 million in total assets. Opened 62 years ago in 1959, MARVEL CITY FEDERAL CREDIT UNION has about 947 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)
PO BOX 713
BESSEMER, AL 35021
Phone:(205) 426-0578
Fax:(205) 426-0572
Website:http://www.marvelcityfcu.com
Branches:1 branch locations
Members:947
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:$8,229,378
CEO/Manager:Gina F Bigham
Chairperson:Thomas M Dehmer

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,097,712
TOTAL INVESTMENTS 4,571,651
Loans Held for Sale 0
 
 Real Estate Loans 307,741
 Unsecured Loans 569,717
 Other Loans 1,679,834
 TOTAL LOANS 2,557,292
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -86,508
 Land And Building 15,001
 Other Fixed Assets 13,559
 NCUSIF Deposit 56,955
 All Other Assets 3,716
  TOTAL ASSETS 8,229,378
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 51,222
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 906,013
 Regular shares 3,462,386
 All Other Shares & Deposits 2,528,953
  TOTAL SHARES & DEPOSITS 6,897,352
  TOTAL LIABILITIES 6,948,574
 Regular Reserve 238,325
 Other Reserves 0
 Undivided Earnings 1,042,479
  TOTAL EQUITY 1,280,804
  TOTAL LIABILITIES, SHARES, & EQUITY 8,229,378
INCOME & EXPENSE  
 Loan Income 61,707
 Investment Income 9,594
 Other Income 8,634
 Total Employee Compensation & Benefits 43,282
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 31,913
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,000
 Cost of Funds 6,008
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 13,433
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