FIAFE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.fiafefcu.virtualcu.net for more information.
Dec, 31, 2023 — FIAFE FEDERAL CREDIT UNION is a federal credit union headquartered in Baltimore, MD with 1 branch location and about $5.80 million in total assets. Opened 63 years ago in 1961, FIAFE FEDERAL CREDIT UNION has about 382 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIAFE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7062 Friendship Rd., Airport Contr Baltimore, MD 21240 |
| Phone: | (410) 859-7276 |
| Fax: | (410) 859-3027 |
| Website: | https://www.fiafefcu.virtualcu.net |
| Branches: | 1 branch locations |
| Members: | 382 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14381 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,801,070 |
| CEO/Manager: | Ronald Puntanen |
| Chairperson: | Sheron E Newsome |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 554,021 |
| TOTAL INVESTMENTS | 4,303,805 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 401,168 |
| Other Loans | 704,081 |
| TOTAL LOANS | 1,105,249 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -222,792 |
| Land And Building | 0 |
| Other Fixed Assets | 13 |
| NCUSIF Deposit | 41,986 |
| All Other Assets | 18,788 |
| TOTAL ASSETS | 5,801,070 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,380 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,658,638 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,658,638 |
| TOTAL LIABILITIES | 3,661,018 |
| Regular Reserve | 152,901 |
| Other Reserves | 0 |
| Undivided Earnings | 1,987,151 |
| TOTAL EQUITY | 2,140,052 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,801,070 |
| INCOME & EXPENSE | |
| Loan Income | 67,054 |
| Investment Income | 45,005 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 43,805 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 30,059 |
| Non-operating Income & (Expense) | -10,271 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 14,667 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,257 |
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