Mar, 31, 2021 — THE INFIRMARY FEDERAL CREDIT UNION is a federal credit union headquartered in Mobile, AL with 2 branch locations and about $30.27 million in total assets. Opened 47 years ago in 1974, THE INFIRMARY FEDERAL CREDIT UNION has about 4,501 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) | PO Box 2183 Mobile, AL 36652 |
| Phone: | (251) 435-5900 |
| Fax: | (251) 435-5975 |
| Website: | http://www.theinfirmaryfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,501 |
| 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: | $30,267,279 |
| CEO/Manager: | Taylor L Nelson |
| Chairperson: | Clewis W Smith, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,360,164 |
| TOTAL INVESTMENTS | 7,962,356 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 354,362 |
| Unsecured Loans | 965,459 |
| Other Loans | 8,564,698 |
| TOTAL LOANS | 9,932,426 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -97,938 |
| Land And Building | 1,624,199 |
| Other Fixed Assets | 100,097 |
| NCUSIF Deposit | 164,845 |
| All Other Assets | 221,130 |
| TOTAL ASSETS | 30,267,279 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 197,420 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,641,629 |
| Regular shares | 18,020,634 |
| All Other Shares & Deposits | 1,728,467 |
| TOTAL SHARES & DEPOSITS | 26,390,730 |
| TOTAL LIABILITIES | 26,588,150 |
| Regular Reserve | 360,944 |
| Other Reserves | 102,700 |
| Undivided Earnings | 3,215,485 |
| TOTAL EQUITY | 3,679,129 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,267,279 |
| INCOME & EXPENSE | |
| Loan Income | 125,410 |
| Investment Income | 40,341 |
| Other Income | 241,445 |
| Total Employee Compensation & Benefits | 139,701 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 221,155 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,771 |
| Cost of Funds | 23,353 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,137 |
| ↑ Back to Top | |