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THE INFIRMARY FEDERAL CREDIT UNION

Jun, 30, 2021 — THE INFIRMARY FEDERAL CREDIT UNION is a federal credit union headquartered in Mobile, AL with 2 branch locations and about $29.35 million in total assets. Opened 47 years ago in 1974, THE INFIRMARY FEDERAL CREDIT UNION has about 4,500 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:4,500
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:$29,347,341
CEO/Manager:Taylor L Nelson
Chairperson:Clewis W Smith, Jr.

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,751,630
TOTAL INVESTMENTS 8,326,617
Loans Held for Sale 0
 
 Real Estate Loans 347,618
 Unsecured Loans 1,020,318
 Other Loans 8,818,929
 TOTAL LOANS 10,232,609
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -113,344
 Land And Building 1,612,338
 Other Fixed Assets 91,094
 NCUSIF Deposit 227,484
 All Other Assets 218,913
  TOTAL ASSETS 29,347,341
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 127,372
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,587,709
 Regular shares 18,005,704
 All Other Shares & Deposits 1,878,106
  TOTAL SHARES & DEPOSITS 25,471,519
  TOTAL LIABILITIES 25,598,891
 Regular Reserve 360,944
 Other Reserves 116,326
 Undivided Earnings 3,271,180
  TOTAL EQUITY 3,748,450
  TOTAL LIABILITIES, SHARES, & EQUITY 29,347,341
INCOME & EXPENSE  
 Loan Income 253,659
 Investment Income 80,488
 Other Income 497,655
 Total Employee Compensation & Benefits 264,850
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 455,142
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 20,896
 Cost of Funds 34,007
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 62,833
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