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 |
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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 |
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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 |
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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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