Mar, 31, 2022 — THE INFIRMARY FEDERAL CREDIT UNION is a federal credit union headquartered in MOBILE, AL with 2 branch locations and about $31.28 million in total assets. Opened 48 years ago in 1974, THE INFIRMARY FEDERAL CREDIT UNION has about 4,477 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE INFIRMARY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 130 Mobile Infirmary Blvd MOBILE, AL 36607 |
| Phone: | (251) 435-5900 |
| Fax: | (251) 435-5975 |
| Website: | http://www.theinfirmaryfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,477 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21794 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,280,215 |
| CEO/Manager: | Mindy Maghupoy |
| Chairperson: | Clewis W Smith, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,322,889 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 180,043 |
| Unsecured Loans | 1,152,819 |
| Other Loans | 7,992,729 |
| TOTAL LOANS | 9,403,964 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,193 |
| Land And Building | 1,576,757 |
| Other Fixed Assets | 73,302 |
| NCUSIF Deposit | 227,484 |
| All Other Assets | 0 |
| TOTAL ASSETS | 31,280,215 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 215,589 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,899,295 |
| Regular shares | 20,018,410 |
| All Other Shares & Deposits | 1,687,057 |
| TOTAL SHARES & DEPOSITS | 27,604,762 |
| TOTAL LIABILITIES | 27,820,351 |
| Regular Reserve | 0 |
| Other Reserves | -225,896 |
| Undivided Earnings | 3,685,760 |
| TOTAL EQUITY | 3,459,864 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,280,215 |
| INCOME & EXPENSE | |
| Loan Income | 122,118 |
| Investment Income | 43,875 |
| Other Income | 274,331 |
| Total Employee Compensation & Benefits | 176,539 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 232,006 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,881 |
| Cost of Funds | 9,682 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,091 |
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