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 |
| 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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