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MARVEL CITY FEDERAL CREDIT UNION

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

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 1,093,759
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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