Mar, 31, 2021 — APPLE FEDERAL CREDIT UNION is a federal credit union headquartered in Fairfax, VA with 22 branch locations and about $3.68 billion in total assets. Opened 65 years ago in 1956, APPLE FEDERAL CREDIT UNION has about 232,345 members and employs 468 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: | 22 branch locations |
| Members: | 232,345 |
| 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: | $3,681,845,686 |
| CEO/Manager: | Andrew C Grimm |
| Chairperson: | Calanthia R Tucker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 196,369,889 |
| TOTAL INVESTMENTS | 1,100,147,055 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,334,201,986 |
| Unsecured Loans | 228,516,471 |
| Other Loans | 666,785,119 |
| TOTAL LOANS | 2,229,503,576 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,926,172 |
| Land And Building | 88,856,609 |
| Other Fixed Assets | 9,603,769 |
| NCUSIF Deposit | 26,652,086 |
| All Other Assets | 62,638,874 |
| TOTAL ASSETS | 3,681,845,686 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,383 |
| Notes & Interest Payable | 245,367,381 |
| Accounts Payable & Other Liabilities | 31,884,774 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 751,350,244 |
| Regular shares | 865,879,826 |
| All Other Shares & Deposits | 1,454,381,659 |
| TOTAL SHARES & DEPOSITS | 3,071,611,729 |
| TOTAL LIABILITIES | 3,348,866,267 |
| Regular Reserve | 17,813,786 |
| Other Reserves | 11,863,301 |
| Undivided Earnings | 303,302,332 |
| TOTAL EQUITY | 332,979,419 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,681,845,686 |
| INCOME & EXPENSE | |
| Loan Income | 23,875,496 |
| Investment Income | 2,758,169 |
| Other Income | 3,645,424 |
| Total Employee Compensation & Benefits | 13,031,134 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,336,511 |
| Non-operating Income & (Expense) | -489 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -565,836 |
| Cost of Funds | 4,748,282 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,183,244 |
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