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FIAFE FEDERAL CREDIT UNION

Mar, 31, 2021 — FIAFE FEDERAL CREDIT UNION is a federal credit union headquartered in Baltimore, MD with 1 branch location and about $6.54 million in total assets. Opened 60 years ago in 1961, FIAFE FEDERAL CREDIT UNION has about 392 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:FIAFE FEDERAL CREDIT UNION
Address:
(Main Office)
7062 Friendship Rd., Airport Contr
Baltimore, MD 21240
Phone:(410) 859-7276
Fax:(410) 859-3027
Website:http://www.fiafefcu.virtualcu.net
Branches:1 branch locations
Members:392
Credit Union Type:Federal Credit Union
Charter Number:14381
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1961
Last Audited:Aug 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$6,535,118
CEO/Manager:Ronald Puntanen
Chairperson:Sheron E Newsome

Call Report

  • Real Estate Loans
  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,214,930
TOTAL INVESTMENTS 4,351,805
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 422,448
 Other Loans 717,424
 TOTAL LOANS 1,139,872
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -227,673
 Land And Building 0
 Other Fixed Assets 13
 NCUSIF Deposit 41,316
 All Other Assets 14,855
  TOTAL ASSETS 6,535,118
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9,204
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,398,785
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,398,785
  TOTAL LIABILITIES 4,407,989
 Regular Reserve 152,901
 Other Reserves 0
 Undivided Earnings 1,974,228
  TOTAL EQUITY 2,127,129
  TOTAL LIABILITIES, SHARES, & EQUITY 6,535,118
INCOME & EXPENSE  
 Loan Income 24,228
 Investment Income 16,224
 Other Income 0
 Total Employee Compensation & Benefits 14,323
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,154
 Non-operating Income & (Expense) -10,271
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 5,370
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 334
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