Sep, 30, 2022 — THE INFIRMARY FEDERAL CREDIT UNION is a federal credit union headquartered in MOBILE, AL with 2 branch locations and about $30.96 million in total assets. Opened 49 years ago in 1974, THE INFIRMARY FEDERAL CREDIT UNION has about 4,513 members and employs 11 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: | https://www.theinfirmaryfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,513 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,958,000 |
| CEO/Manager: | Mindy Maghupoy |
| Chairperson: | Clewis W Smith, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,945,472 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 500,509 |
| Unsecured Loans | 1,361,544 |
| Other Loans | 8,452,101 |
| TOTAL LOANS | 10,474,816 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -112,041 |
| Land And Building | 1,553,035 |
| Other Fixed Assets | 118,983 |
| NCUSIF Deposit | 256,694 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,958,000 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 188,068 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,057,694 |
| Regular shares | 19,717,925 |
| All Other Shares & Deposits | 1,798,503 |
| TOTAL SHARES & DEPOSITS | 27,574,122 |
| TOTAL LIABILITIES | 27,762,190 |
| Regular Reserve | 0 |
| Other Reserves | -622,763 |
| Undivided Earnings | 3,818,573 |
| TOTAL EQUITY | 3,195,810 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,958,000 |
| INCOME & EXPENSE | |
| Loan Income | 377,426 |
| Investment Income | 169,148 |
| Other Income | 835,394 |
| Total Employee Compensation & Benefits | 471,395 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 711,594 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,871 |
| Cost of Funds | 30,029 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 146,904 |
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