Dec, 31, 2023 — INFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 8 branch locations and about $218.78 million in total assets. Opened 89 years ago in 1935, INFIRST FEDERAL CREDIT UNION has about 14,864 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | INFIRST FEDERAL CREDIT UNION |
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Address: (Main Office) | 6462 Little River Tpke ALEXANDRIA, VA 22312-1411 |
Phone: | (703) 914-8700 |
Fax: | (703) 914-4510 |
Website: | https://www.infirstfcu.org |
Branches: | 8 branch locations |
Members: | 14,864 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 233 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $218,783,019 |
CEO/Manager: | Mark Hudzik |
Chairperson: | Alan D Rothenberg |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,933,996 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 115,489,559 |
Unsecured Loans | 14,005,937 |
Other Loans | 45,150,806 |
TOTAL LOANS | 174,646,302 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -646,830 |
Land And Building | 5,372,273 |
Other Fixed Assets | 806,432 |
NCUSIF Deposit | 1,922,591 |
All Other Assets | 9,375 |
TOTAL ASSETS | 218,783,019 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 2,500,000 |
Accounts Payable & Other Liabilities | 1,521,626 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 40,617,508 |
Regular shares | 51,122,139 |
All Other Shares & Deposits | 105,890,555 |
TOTAL SHARES & DEPOSITS | 197,630,202 |
TOTAL LIABILITIES | 201,651,828 |
Regular Reserve | 0 |
Other Reserves | 7,337,406 |
Undivided Earnings | 9,793,785 |
TOTAL EQUITY | 17,131,191 |
TOTAL LIABILITIES, SHARES, & EQUITY | 218,783,019 |
INCOME & EXPENSE | |
Loan Income | 7,344,639 |
Investment Income | 773,023 |
Other Income | 1,609,103 |
Total Employee Compensation & Benefits | 4,106,875 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,131,174 |
Non-operating Income & (Expense) | -3,565 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 593 |
Cost of Funds | 2,511,752 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 85,925 |
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» See also Statement of Financial Condition