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 |
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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 |
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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 |
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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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