Dec, 31, 2020 — INFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 5 branch locations and about $196.70 million in total assets. Opened 86 years ago in 1935, INFIRST FEDERAL CREDIT UNION has about 11,005 members and employs 47 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: | 11,005 |
| 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: | Dec 01, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $196,695,421 |
| CEO/Manager: | Martha Wye |
| Chairperson: | Alan D Rothenberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,931,467 |
| TOTAL INVESTMENTS | 32,569,839 |
| Loans Held for Sale | 1,842,236 |
| Real Estate Loans | 89,857,104 |
| Unsecured Loans | 13,612,811 |
| Other Loans | 29,909,678 |
| TOTAL LOANS | 133,379,593 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -862,591 |
| Land And Building | 5,376,906 |
| Other Fixed Assets | 915,088 |
| NCUSIF Deposit | 1,566,450 |
| All Other Assets | 8,976,433 |
| TOTAL ASSETS | 196,695,421 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,500,000 |
| Accounts Payable & Other Liabilities | 1,770,433 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,350,732 |
| Regular shares | 38,867,796 |
| All Other Shares & Deposits | 99,988,723 |
| TOTAL SHARES & DEPOSITS | 174,207,251 |
| TOTAL LIABILITIES | 178,477,684 |
| Regular Reserve | 9,105,469 |
| Other Reserves | 263,329 |
| Undivided Earnings | 8,848,939 |
| TOTAL EQUITY | 18,217,737 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 196,695,421 |
| INCOME & EXPENSE | |
| Loan Income | 5,901,092 |
| Investment Income | 822,581 |
| Other Income | 2,154,949 |
| Total Employee Compensation & Benefits | 3,154,381 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,181,217 |
| Non-operating Income & (Expense) | 14,517 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 403,078 |
| Cost of Funds | 1,878,587 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 275,876 |
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