Sep, 30, 2021 — INFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 5 branch locations and about $230.91 million in total assets. Opened 87 years ago in 1935, INFIRST FEDERAL CREDIT UNION has about 15,077 members and employs 54 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: | 15,077 |
| 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: | $230,913,256 |
| CEO/Manager: | Martha Wye |
| Chairperson: | Alan D Rothenberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,097,602 |
| TOTAL INVESTMENTS | 24,854,649 |
| Loans Held for Sale | 269,857 |
| Real Estate Loans | 88,524,362 |
| Unsecured Loans | 16,761,049 |
| Other Loans | 54,808,307 |
| TOTAL LOANS | 160,093,718 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,199,133 |
| Land And Building | 5,250,819 |
| Other Fixed Assets | 889,033 |
| NCUSIF Deposit | 1,889,044 |
| All Other Assets | 11,767,667 |
| TOTAL ASSETS | 230,913,256 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,500,000 |
| Accounts Payable & Other Liabilities | 5,063,614 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 38,943,359 |
| Regular shares | 54,242,797 |
| All Other Shares & Deposits | 109,264,064 |
| TOTAL SHARES & DEPOSITS | 202,450,220 |
| TOTAL LIABILITIES | 213,013,834 |
| Regular Reserve | 9,105,469 |
| Other Reserves | -307,321 |
| Undivided Earnings | 9,101,274 |
| TOTAL EQUITY | 17,899,422 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 230,913,256 |
| INCOME & EXPENSE | |
| Loan Income | 4,604,841 |
| Investment Income | 518,671 |
| Other Income | 1,005,896 |
| Total Employee Compensation & Benefits | 2,340,413 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,748,459 |
| Non-operating Income & (Expense) | -226,808 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 159,453 |
| Cost of Funds | 1,237,777 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 268,052 |
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