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. |
| 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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