Dec, 31, 2020 — INLAND MOTOR EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Radford, VA with 1 branch location and about $2.12 million in total assets. Opened 59 years ago in 1962, INLAND MOTOR EMPLOYEES FEDERAL CREDIT UNION has about 569 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 |
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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: | 569 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14898 |
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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: | $2,122,003 |
CEO/Manager: | Becky R Simpkins |
Chairperson: | Perry Slaughter |
ASSETS: | $ Amount |
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Cash & Equivalents | 475,545 |
TOTAL INVESTMENTS | 511,264 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 553,294 |
Other Loans | 566,910 |
TOTAL LOANS | 1,120,204 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,195 |
Land And Building | 0 |
Other Fixed Assets | 3,598 |
NCUSIF Deposit | 17,819 |
All Other Assets | 2,768 |
TOTAL ASSETS | 2,122,003 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,294 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,056 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,636,253 |
All Other Shares & Deposits | 44,942 |
TOTAL SHARES & DEPOSITS | 1,681,195 |
TOTAL LIABILITIES | 1,685,545 |
Regular Reserve | 123,594 |
Other Reserves | 0 |
Undivided Earnings | 312,864 |
TOTAL EQUITY | 436,458 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,122,003 |
INCOME & EXPENSE | |
Loan Income | 100,116 |
Investment Income | 13,807 |
Other Income | 650 |
Total Employee Compensation & Benefits | 69,736 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,852 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
Cost of Funds | 9,426 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,559 |
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