Dec, 31, 2023 — APPLE FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRFAX, VA with 21 branch locations and about $4.33 billion in total assets. Opened 68 years ago in 1956, APPLE FEDERAL CREDIT UNION has about 242,473 members and employs 525 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | APPLE FEDERAL CREDIT UNION |
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Address: (Main Office) | 4097 Monument Corner Dr FAIRFAX, VA 22030-8640 |
Phone: | (703) 788-4800 |
Fax: | |
Website: | https://www.applefcu.org |
Branches: | 21 branch locations |
Members: | 242,473 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11307 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $4,328,069,089 |
CEO/Manager: | Andrew C Grimm |
Chairperson: | Calanthia R Tucker |
ASSETS: | $ Amount |
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Cash & Equivalents | 322,179,081 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,733,587,571 |
Unsecured Loans | 258,476,406 |
Other Loans | 842,399,211 |
TOTAL LOANS | 2,834,565,261 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,564,420 |
Land And Building | 78,730,618 |
Other Fixed Assets | 19,915,198 |
NCUSIF Deposit | 32,157,420 |
All Other Assets | 616,538 |
TOTAL ASSETS | 4,328,069,089 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,909 |
Notes & Interest Payable | 433,250,000 |
Accounts Payable & Other Liabilities | 81,856,855 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 761,067,528 |
Regular shares | 784,767,671 |
All Other Shares & Deposits | 1,978,201,570 |
TOTAL SHARES & DEPOSITS | 3,524,036,769 |
TOTAL LIABILITIES | 4,039,145,533 |
Regular Reserve | 0 |
Other Reserves | -133,980,099 |
Undivided Earnings | 422,903,655 |
TOTAL EQUITY | 288,923,556 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,328,069,089 |
INCOME & EXPENSE | |
Loan Income | 133,259,486 |
Investment Income | 34,462,592 |
Other Income | 16,967,564 |
Total Employee Compensation & Benefits | 61,906,002 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 46,706,682 |
Non-operating Income & (Expense) | -17,585 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,520,434 |
Cost of Funds | 61,676,419 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 33,285,754 |
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