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THE INFIRMARY FEDERAL CREDIT UNION

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.

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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