Mar, 31, 2022 — INFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 5 branch locations and about $237.40 million in total assets. Opened 87 years ago in 1935, INFIRST FEDERAL CREDIT UNION has about 15,595 members and employs 59 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: | 15,595 |
| 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: | $237,395,474 |
| CEO/Manager: | Martha Wye |
| Chairperson: | Alan D Rothenberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,385,852 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 110,731 |
| Real Estate Loans | 104,678,804 |
| Unsecured Loans | 14,554,645 |
| Other Loans | 68,843,092 |
| TOTAL LOANS | 188,076,541 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -863,730 |
| Land And Building | 5,480,883 |
| Other Fixed Assets | 1,105,788 |
| NCUSIF Deposit | 1,936,024 |
| All Other Assets | 20,988 |
| TOTAL ASSETS | 237,395,474 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,500,000 |
| Accounts Payable & Other Liabilities | 1,843,104 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 46,465,278 |
| Regular shares | 57,720,819 |
| All Other Shares & Deposits | 108,217,437 |
| TOTAL SHARES & DEPOSITS | 212,403,534 |
| TOTAL LIABILITIES | 219,746,638 |
| Regular Reserve | 0 |
| Other Reserves | 7,860,128 |
| Undivided Earnings | 9,788,708 |
| TOTAL EQUITY | 17,648,836 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 237,395,474 |
| INCOME & EXPENSE | |
| Loan Income | 1,679,490 |
| Investment Income | 79,735 |
| Other Income | 334,853 |
| Total Employee Compensation & Benefits | 1,066,158 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,060,699 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -217,499 |
| Cost of Funds | 357,639 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 145,290 |
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