Dec, 31, 2021 — INFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 5 branch locations and about $229.81 million in total assets. Opened 87 years ago in 1935, INFIRST FEDERAL CREDIT UNION has about 15,283 members and employs 55 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 River Tpke ALEXANDRIA, VA 22312-1411 |
| Phone: | (703) 914-8700 |
| Fax: | (703) 914-4510 |
| Website: | http://www.infirstfcu.org |
| Branches: | 5 branch locations |
| Members: | 15,283 |
| 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: | $229,806,693 |
| CEO/Manager: | Martha Wye |
| Chairperson: | Alan D Rothenberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,937,991 |
| TOTAL INVESTMENTS | 23,481,180 |
| Loans Held for Sale | 481,620 |
| Real Estate Loans | 96,321,655 |
| Unsecured Loans | 15,270,050 |
| Other Loans | 60,540,427 |
| TOTAL LOANS | 172,132,132 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,121,301 |
| Land And Building | 5,430,444 |
| Other Fixed Assets | 852,447 |
| NCUSIF Deposit | 1,936,024 |
| All Other Assets | 8,676,156 |
| TOTAL ASSETS | 229,806,693 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,500,000 |
| Accounts Payable & Other Liabilities | 1,976,275 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,393,105 |
| Regular shares | 55,698,830 |
| All Other Shares & Deposits | 108,818,201 |
| TOTAL SHARES & DEPOSITS | 203,910,136 |
| TOTAL LIABILITIES | 211,386,411 |
| Regular Reserve | 9,105,469 |
| Other Reserves | -328,605 |
| Undivided Earnings | 9,643,418 |
| TOTAL EQUITY | 18,420,282 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 229,806,693 |
| INCOME & EXPENSE | |
| Loan Income | 5,844,482 |
| Investment Income | 1,123,622 |
| Other Income | 1,326,428 |
| Total Employee Compensation & Benefits | 3,367,403 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,553,038 |
| Non-operating Income & (Expense) | -129,308 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 163,448 |
| Cost of Funds | 1,583,273 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 563,547 |
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