Jun, 30, 2024 — APPLE FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRFAX, VA with 21 branch locations and about $4.11 billion in total assets. Opened 68 years ago in 1956, APPLE FEDERAL CREDIT UNION has about 239,484 members and employs 508 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) | 4097 Monument Corner Dr FAIRFAX, VA 22030-8640 |
| Phone: | (703) 788-4800 |
| Fax: | |
| Website: | https://www.applefcu.org |
| Branches: | 21 branch locations |
| Members: | 239,484 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,109,333,173 |
| CEO/Manager: | Andrew C Grimm |
| Chairperson: | Calanthia R Tucker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 185,800,138 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,725,253,111 |
| Unsecured Loans | 226,256,305 |
| Other Loans | 737,353,050 |
| TOTAL LOANS | 2,688,979,539 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,600,225 |
| Land And Building | 79,770,948 |
| Other Fixed Assets | 17,680,399 |
| NCUSIF Deposit | 30,750,293 |
| All Other Assets | 435,552 |
| TOTAL ASSETS | 4,109,333,173 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,833 |
| Notes & Interest Payable | 459,885,000 |
| Accounts Payable & Other Liabilities | 23,134,512 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 837,494,465 |
| Regular shares | 924,760,921 |
| All Other Shares & Deposits | 1,601,214,610 |
| TOTAL SHARES & DEPOSITS | 3,363,469,996 |
| TOTAL LIABILITIES | 3,846,492,341 |
| Regular Reserve | 0 |
| Other Reserves | -126,109,859 |
| Undivided Earnings | 388,950,691 |
| TOTAL EQUITY | 262,840,832 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,109,333,173 |
| INCOME & EXPENSE | |
| Loan Income | 71,447,015 |
| Investment Income | 12,841,773 |
| Other Income | 11,997,053 |
| Total Employee Compensation & Benefits | 43,500,152 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 32,779,406 |
| Non-operating Income & (Expense) | 169,769 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,828,445 |
| Cost of Funds | 16,170,260 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 35,828,185 |
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