Mar, 31, 2022 — APPLE FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRFAX, VA with 20 branch locations and about $3.91 billion in total assets. Opened 66 years ago in 1956, APPLE FEDERAL CREDIT UNION has about 242,468 members and employs 479 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: | http://www.applefcu.org |
| Branches: | 20 branch locations |
| Members: | 242,468 |
| 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: | $3,909,441,216 |
| CEO/Manager: | Andrew C Grimm |
| Chairperson: | Calanthia R Tucker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 131,124,919 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,509,110,373 |
| Unsecured Loans | 216,733,787 |
| Other Loans | 673,179,877 |
| TOTAL LOANS | 2,399,147,110 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,185,807 |
| Land And Building | 80,400,556 |
| Other Fixed Assets | 21,253,521 |
| NCUSIF Deposit | 29,699,889 |
| All Other Assets | 382,304 |
| TOTAL ASSETS | 3,909,441,216 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,309 |
| Notes & Interest Payable | 241,395,000 |
| Accounts Payable & Other Liabilities | 42,786,239 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 818,685,120 |
| Regular shares | 954,802,133 |
| All Other Shares & Deposits | 1,544,142,044 |
| TOTAL SHARES & DEPOSITS | 3,317,629,297 |
| TOTAL LIABILITIES | 3,601,813,845 |
| Regular Reserve | 0 |
| Other Reserves | -56,640,863 |
| Undivided Earnings | 364,268,234 |
| TOTAL EQUITY | 307,627,371 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,909,441,216 |
| INCOME & EXPENSE | |
| Loan Income | 21,960,018 |
| Investment Income | 3,812,926 |
| Other Income | 4,063,723 |
| Total Employee Compensation & Benefits | 14,048,680 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,453,709 |
| Non-operating Income & (Expense) | 4,701,202 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,497,073 |
| Cost of Funds | 3,948,951 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,145,728 |
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