Jun, 30, 2021 — APPLE FEDERAL CREDIT UNION is a federal credit union headquartered in Fairfax, VA with 20 branch locations and about $3.75 billion in total assets. Opened 65 years ago in 1956, APPLE FEDERAL CREDIT UNION has about 235,312 members and employs 481 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 |
|---|---|
| Address: (Main Office) | P.O. Box 1200 Fairfax, VA 22038 |
| Phone: | (703) 788-4800 |
| Fax: | |
| Website: | http://www.applefcu.org |
| Branches: | 20 branch locations |
| Members: | 235,312 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11307 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,746,813,589 |
| CEO/Manager: | Andrew C Grimm |
| Chairperson: | Calanthia R Tucker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 160,107,125 |
| TOTAL INVESTMENTS | 1,182,098,808 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,355,493,680 |
| Unsecured Loans | 223,817,879 |
| Other Loans | 666,347,944 |
| TOTAL LOANS | 2,245,659,503 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,228,493 |
| Land And Building | 87,529,895 |
| Other Fixed Assets | 9,024,488 |
| NCUSIF Deposit | 26,652,086 |
| All Other Assets | 65,970,177 |
| TOTAL ASSETS | 3,746,813,589 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,993 |
| Notes & Interest Payable | 244,255,238 |
| Accounts Payable & Other Liabilities | 36,655,039 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 752,341,654 |
| Regular shares | 890,748,421 |
| All Other Shares & Deposits | 1,480,264,479 |
| TOTAL SHARES & DEPOSITS | 3,123,354,554 |
| TOTAL LIABILITIES | 3,404,267,824 |
| Regular Reserve | 17,813,786 |
| Other Reserves | 11,638,714 |
| Undivided Earnings | 313,093,265 |
| TOTAL EQUITY | 342,545,765 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,746,813,589 |
| INCOME & EXPENSE | |
| Loan Income | 47,441,390 |
| Investment Income | 5,966,772 |
| Other Income | 7,236,009 |
| Total Employee Compensation & Benefits | 26,984,454 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 21,646,430 |
| Non-operating Income & (Expense) | -1,000,559 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,398,113 |
| Cost of Funds | 9,364,076 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 20,974,176 |
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