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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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