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THE INFIRMARY FEDERAL CREDIT UNION

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.

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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