Dec, 31, 2023 — INFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 8 branch locations and about $218.78 million in total assets. Opened 89 years ago in 1935, INFIRST FEDERAL CREDIT UNION has about 14,864 members and employs 50 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: | https://www.infirstfcu.org |
| Branches: | 8 branch locations |
| Members: | 14,864 |
| 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: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $218,783,019 |
| CEO/Manager: | Mark Hudzik |
| Chairperson: | Alan D Rothenberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,933,996 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 115,489,559 |
| Unsecured Loans | 14,005,937 |
| Other Loans | 45,150,806 |
| TOTAL LOANS | 174,646,302 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -646,830 |
| Land And Building | 5,372,273 |
| Other Fixed Assets | 806,432 |
| NCUSIF Deposit | 1,922,591 |
| All Other Assets | 9,375 |
| TOTAL ASSETS | 218,783,019 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,500,000 |
| Accounts Payable & Other Liabilities | 1,521,626 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,617,508 |
| Regular shares | 51,122,139 |
| All Other Shares & Deposits | 105,890,555 |
| TOTAL SHARES & DEPOSITS | 197,630,202 |
| TOTAL LIABILITIES | 201,651,828 |
| Regular Reserve | 0 |
| Other Reserves | 7,337,406 |
| Undivided Earnings | 9,793,785 |
| TOTAL EQUITY | 17,131,191 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 218,783,019 |
| INCOME & EXPENSE | |
| Loan Income | 7,344,639 |
| Investment Income | 773,023 |
| Other Income | 1,609,103 |
| Total Employee Compensation & Benefits | 4,106,875 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,131,174 |
| Non-operating Income & (Expense) | -3,565 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 593 |
| Cost of Funds | 2,511,752 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 85,925 |
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