Sep, 30, 2025 — INLAND MOTOR EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in RADFORD, VA with 1 branch location and about $1.61 million in total assets. Opened 64 years ago in 1962, INLAND MOTOR EMPLOYEES FEDERAL CREDIT UNION has about 496 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: | INLAND MOTOR EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 W Main St RADFORD, VA 24141-1590 |
| Phone: | (540) 731-6125 |
| Fax: | (540) 633-5522 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 496 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14898 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Feb 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,610,383 |
| CEO/Manager: | Becky R Simpkins |
| Chairperson: | Perry Slaughter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 497,513 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 424,372 |
| Other Loans | 700,983 |
| TOTAL LOANS | 1,125,355 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,623 |
| Land And Building | 0 |
| Other Fixed Assets | 15 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 11,118 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,610,383 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 232 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,229 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,061,706 |
| All Other Shares & Deposits | 79,035 |
| TOTAL SHARES & DEPOSITS | 1,140,741 |
| TOTAL LIABILITIES | 1,150,202 |
| Regular Reserve | 0 |
| Other Reserves | 123,594 |
| Undivided Earnings | 336,587 |
| TOTAL EQUITY | 460,181 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,610,383 |
| INCOME & EXPENSE | |
| Loan Income | 77,176 |
| Investment Income | 12,625 |
| Other Income | 312 |
| Total Employee Compensation & Benefits | 48,484 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 20,612 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,000 |
| Cost of Funds | 702 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,315 |
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