Mar, 31, 2021 — INFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 5 branch locations and about $202.71 million in total assets. Opened 86 years ago in 1935, INFIRST FEDERAL CREDIT UNION has about 11,020 members and employs 46 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: | 11,020 |
| 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: | $202,711,753 |
| CEO/Manager: | Martha Wye |
| Chairperson: | Alan D Rothenberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 28,790,062 |
| TOTAL INVESTMENTS | 30,275,241 |
| Loans Held for Sale | 498,306 |
| Real Estate Loans | 85,623,910 |
| Unsecured Loans | 12,643,883 |
| Other Loans | 28,958,431 |
| TOTAL LOANS | 127,226,224 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -814,216 |
| Land And Building | 5,323,395 |
| Other Fixed Assets | 895,060 |
| NCUSIF Deposit | 1,566,450 |
| All Other Assets | 8,951,231 |
| TOTAL ASSETS | 202,711,753 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,500,000 |
| Accounts Payable & Other Liabilities | 1,779,516 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,334,106 |
| Regular shares | 41,496,990 |
| All Other Shares & Deposits | 102,765,550 |
| TOTAL SHARES & DEPOSITS | 180,596,646 |
| TOTAL LIABILITIES | 184,876,162 |
| Regular Reserve | 9,105,469 |
| Other Reserves | -180,017 |
| Undivided Earnings | 8,910,139 |
| TOTAL EQUITY | 17,835,591 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 202,711,753 |
| INCOME & EXPENSE | |
| Loan Income | 1,407,744 |
| Investment Income | 104,969 |
| Other Income | 319,823 |
| Total Employee Compensation & Benefits | 719,740 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 830,896 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,530 |
| Cost of Funds | 417,437 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 61,201 |
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