Dec, 31, 2021 — APPLE FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRFAX, VA with 20 branch locations and about $3.89 billion in total assets. Opened 66 years ago in 1956, APPLE FEDERAL CREDIT UNION has about 241,038 members and employs 482 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: | http://www.applefcu.org |
Branches: | 20 branch locations |
Members: | 241,038 |
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, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $3,890,783,291 |
CEO/Manager: | Andrew C Grimm |
Chairperson: | Calanthia R Tucker |
ASSETS: | $ Amount |
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Cash & Equivalents | 205,755,415 |
TOTAL INVESTMENTS | 1,208,988,604 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,430,016,536 |
Unsecured Loans | 221,571,040 |
Other Loans | 665,537,242 |
TOTAL LOANS | 2,317,124,818 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,750,664 |
Land And Building | 80,749,129 |
Other Fixed Assets | 13,034,144 |
NCUSIF Deposit | 28,744,517 |
All Other Assets | 63,137,328 |
TOTAL ASSETS | 3,890,783,291 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,374 |
Notes & Interest Payable | 272,150,000 |
Accounts Payable & Other Liabilities | 35,492,375 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 803,509,353 |
Regular shares | 916,540,221 |
All Other Shares & Deposits | 1,518,532,387 |
TOTAL SHARES & DEPOSITS | 3,238,581,961 |
TOTAL LIABILITIES | 3,546,225,710 |
Regular Reserve | 17,813,786 |
Other Reserves | -8,564,925 |
Undivided Earnings | 335,308,720 |
TOTAL EQUITY | 344,557,581 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,890,783,291 |
INCOME & EXPENSE | |
Loan Income | 94,062,132 |
Investment Income | 13,474,348 |
Other Income | 14,661,170 |
Total Employee Compensation & Benefits | 55,012,256 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 43,666,381 |
Non-operating Income & (Expense) | -2,270,621 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,924,372 |
Cost of Funds | 17,949,183 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 43,189,632 |
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