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INLAND MOTOR EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — INLAND MOTOR EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Radford, VA with 1 branch location and about $2.22 million in total assets. Opened 59 years ago in 1962, INLAND MOTOR EMPLOYEES FEDERAL CREDIT UNION has about 560 members and employs 4 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)
PO Box 3394
Radford, VA 24143
Phone:(540) 731-6125
Fax:(540) 633-5522
Website:n/a
Branches:1 branch locations
Members:560
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:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,221,878
CEO/Manager:Becky R Simpkins
Chairperson:Perry Slaughter

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 396,527
TOTAL INVESTMENTS 809,232
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 478,438
 Other Loans 520,845
 TOTAL LOANS 999,283
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,967
 Land And Building 0
 Other Fixed Assets 3,061
 NCUSIF Deposit 17,819
 All Other Assets 4,923
  TOTAL ASSETS 2,221,878
LIABILITIES & CAPITAL:  
 Dividends Payable 388
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,496
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,715,969
 All Other Shares & Deposits 70,196
  TOTAL SHARES & DEPOSITS 1,786,165
  TOTAL LIABILITIES 1,790,049
 Regular Reserve 123,594
 Other Reserves 0
 Undivided Earnings 308,235
  TOTAL EQUITY 431,829
  TOTAL LIABILITIES, SHARES, & EQUITY 2,221,878
INCOME & EXPENSE  
 Loan Income 22,300
 Investment Income 2,949
 Other Income 81
 Total Employee Compensation & Benefits 17,740
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,707
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,100
 Cost of Funds 413
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -4,630
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