Dec, 31, 2023 — AMERICAN PARTNERS FEDERAL CREDIT UNION is a federal credit union headquartered in REIDSVILLE, NC with 3 branch locations and about $91.20 million in total assets. Opened 49 years ago in 1975, AMERICAN PARTNERS FEDERAL CREDIT UNION has about 8,956 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMERICAN PARTNERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 618 N Scales St REIDSVILLE, NC 27320-2941 |
| Phone: | (336) 349-2729 |
| Fax: | (336) 342-0687 |
| Website: | https://www.apfcu.com |
| Branches: | 3 branch locations |
| Members: | 8,956 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22119 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $91,200,807 |
| CEO/Manager: | Brian Bone |
| Chairperson: | John T McCollum |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,968,613 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 40,934,940 |
| Unsecured Loans | 4,929,843 |
| Other Loans | 17,055,153 |
| TOTAL LOANS | 71,787,313 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -444,422 |
| Land And Building | 3,238,650 |
| Other Fixed Assets | 338,601 |
| NCUSIF Deposit | 693,720 |
| All Other Assets | 101,768 |
| TOTAL ASSETS | 91,200,807 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,500,000 |
| Accounts Payable & Other Liabilities | 875,383 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,633,234 |
| Regular shares | 17,939,966 |
| All Other Shares & Deposits | 44,209,596 |
| TOTAL SHARES & DEPOSITS | 76,782,797 |
| TOTAL LIABILITIES | 83,158,180 |
| Regular Reserve | 0 |
| Other Reserves | -128,029 |
| Undivided Earnings | 8,170,656 |
| TOTAL EQUITY | 8,042,627 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 91,200,807 |
| INCOME & EXPENSE | |
| Loan Income | 3,970,779 |
| Investment Income | 271,371 |
| Other Income | 633,216 |
| Total Employee Compensation & Benefits | 1,789,284 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,199,750 |
| Non-operating Income & (Expense) | 829,782 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 238,006 |
| Cost of Funds | 944,230 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 533,878 |
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