Dec, 31, 2020 — FIAFE FEDERAL CREDIT UNION is a federal credit union headquartered in Baltimore, MD with 1 branch location and about $6.45 million in total assets. Opened 60 years ago in 1961, FIAFE FEDERAL CREDIT UNION has about 408 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 |
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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: | 408 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14381 |
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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: | $6,454,306 |
CEO/Manager: | Ronald Puntanen |
Chairperson: | Sheron E Newsome |
ASSETS: | $ Amount |
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Cash & Equivalents | 740,453 |
TOTAL INVESTMENTS | 4,598,805 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 490,850 |
Other Loans | 789,194 |
TOTAL LOANS | 1,280,044 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -224,444 |
Land And Building | 0 |
Other Fixed Assets | 13 |
NCUSIF Deposit | 41,316 |
All Other Assets | 18,119 |
TOTAL ASSETS | 6,454,306 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,753 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,318,759 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,318,759 |
TOTAL LIABILITIES | 4,327,512 |
Regular Reserve | 152,901 |
Other Reserves | 0 |
Undivided Earnings | 1,973,893 |
TOTAL EQUITY | 2,126,794 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,454,306 |
INCOME & EXPENSE | |
Loan Income | 104,410 |
Investment Income | 78,926 |
Other Income | 0 |
Total Employee Compensation & Benefits | 66,027 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 49,072 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 16,993 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 51,244 |
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