Jun, 30, 2021 — INFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 5 branch locations and about $224.23 million in total assets. Opened 86 years ago in 1935, INFIRST FEDERAL CREDIT UNION has about 14,738 members and employs 52 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 |
|---|---|
| Address: (Main Office) | 6462 LITTLE RVER TPKE ALEXANDRIA, VA 22312-1411 |
| Phone: | (703) 914-8700 |
| Fax: | (703) 914-4510 |
| Website: | http://www.infirstfcu.org |
| Branches: | 5 branch locations |
| Members: | 14,738 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 233 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $224,229,744 |
| CEO/Manager: | Martha Wye |
| Chairperson: | Alan D Rothenberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,160,690 |
| TOTAL INVESTMENTS | 28,094,408 |
| Loans Held for Sale | 528,041 |
| Real Estate Loans | 87,019,747 |
| Unsecured Loans | 17,251,800 |
| Other Loans | 48,428,253 |
| TOTAL LOANS | 152,699,800 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,284,005 |
| Land And Building | 5,181,797 |
| Other Fixed Assets | 904,190 |
| NCUSIF Deposit | 1,889,044 |
| All Other Assets | 9,055,779 |
| TOTAL ASSETS | 224,229,744 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,500,000 |
| Accounts Payable & Other Liabilities | 1,635,922 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,176,553 |
| Regular shares | 52,617,800 |
| All Other Shares & Deposits | 109,417,132 |
| TOTAL SHARES & DEPOSITS | 202,211,485 |
| TOTAL LIABILITIES | 206,347,407 |
| Regular Reserve | 9,105,469 |
| Other Reserves | -199,723 |
| Undivided Earnings | 8,976,591 |
| TOTAL EQUITY | 17,882,337 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 224,229,744 |
| INCOME & EXPENSE | |
| Loan Income | 2,889,362 |
| Investment Income | 429,774 |
| Other Income | 649,780 |
| Total Employee Compensation & Benefits | 1,447,789 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,719,898 |
| Non-operating Income & (Expense) | -226,808 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 103,478 |
| Cost of Funds | 835,101 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 143,143 |
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