Sep, 30, 2025 — ABCO FEDERAL CREDIT UNION is a federal credit union headquartered in WILLINGBORO, NJ with 7 branch locations and about $252.84 million in total assets. Opened 68 years ago in 1958, ABCO FEDERAL CREDIT UNION has about 25,965 members and employs 69 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ABCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 621 Beverly Rancocas Rd Ste 1H WILLINGBORO, NJ 08046-3727 |
| Phone: | (800) 225-1859 |
| Fax: | (609) 877-3490 |
| Website: | https://www.edificu.com |
| Branches: | 7 branch locations |
| Members: | 25,965 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12679 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $252,842,479 |
| CEO/Manager: | Jill Peterson |
| Chairperson: | Mark Sedlock |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 43,744,713 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 81,738,159 |
| Unsecured Loans | 16,511,781 |
| Other Loans | 35,823,898 |
| TOTAL LOANS | 134,073,839 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,238,564 |
| Land And Building | 4,853,663 |
| Other Fixed Assets | 255,078 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,253,180 |
| All Other Assets | 0 |
| TOTAL ASSETS | 252,842,479 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -7,129,271 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 63,299,562 |
| Regular shares | 96,707,454 |
| All Other Shares & Deposits | 80,202,985 |
| TOTAL SHARES & DEPOSITS | 240,210,001 |
| TOTAL LIABILITIES | 233,080,730 |
| Regular Reserve | 0 |
| Other Reserves | 1,352,053 |
| Undivided Earnings | 18,409,696 |
| TOTAL EQUITY | 19,761,749 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 252,842,479 |
| INCOME & EXPENSE | |
| Loan Income | 6,141,901 |
| Investment Income | 2,007,537 |
| Other Income | 2,181,962 |
| Total Employee Compensation & Benefits | 3,946,539 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,978,947 |
| Non-operating Income & (Expense) | 51,634 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 553,341 |
| Cost of Funds | 1,582,377 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,337,382 |
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