Dec, 31, 2022 — INFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 8 branch locations and about $246.08 million in total assets. Opened 88 years ago in 1935, INFIRST FEDERAL CREDIT UNION has about 15,190 members and employs 62 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: | 15,190 |
| 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: | $246,077,463 |
| CEO/Manager: | Martha Wye |
| Chairperson: | Alan D Rothenberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,854,809 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 118,687,861 |
| Unsecured Loans | 14,476,137 |
| Other Loans | 71,295,526 |
| TOTAL LOANS | 204,459,524 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -698,833 |
| Land And Building | 5,493,714 |
| Other Fixed Assets | 985,649 |
| NCUSIF Deposit | 1,922,988 |
| All Other Assets | 4,282 |
| TOTAL ASSETS | 246,077,463 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 16,100,000 |
| Accounts Payable & Other Liabilities | 1,171,822 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 42,315,104 |
| Regular shares | 56,405,934 |
| All Other Shares & Deposits | 113,093,668 |
| TOTAL SHARES & DEPOSITS | 211,814,706 |
| TOTAL LIABILITIES | 229,086,528 |
| Regular Reserve | 0 |
| Other Reserves | 7,020,747 |
| Undivided Earnings | 9,970,188 |
| TOTAL EQUITY | 16,990,935 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 246,077,463 |
| INCOME & EXPENSE | |
| Loan Income | 5,407,376 |
| Investment Income | 349,848 |
| Other Income | 1,173,434 |
| Total Employee Compensation & Benefits | 3,239,097 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,266,109 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -292,382 |
| Cost of Funds | 1,275,488 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 317,132 |
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