Sep, 30, 2025 — ABNB FEDERAL CREDIT UNION is a federal credit union headquartered in CHESAPEAKE, VA with 15 branch locations and about $968.61 million in total assets. Opened 66 years ago in 1960, ABNB FEDERAL CREDIT UNION has about 76,485 members and employs 222 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ABNB FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 830 Greenbrier Cir CHESAPEAKE, VA 23320-2613 |
| Phone: | (757) 523-5300 |
| Fax: | (757) 523-5744 |
| Website: | https://www.abnbfcu.org |
| Branches: | 15 branch locations |
| Members: | 76,485 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13605 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $968,610,527 |
| CEO/Manager: | Charles Mallon |
| Chairperson: | Randolyn Patterson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,868,290 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 516,136,234 |
| Unsecured Loans | 64,626,671 |
| Other Loans | 196,200,088 |
| TOTAL LOANS | 776,962,993 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,690,473 |
| Land And Building | 20,070,956 |
| Other Fixed Assets | 5,834,117 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,111,000 |
| All Other Assets | 201,176 |
| TOTAL ASSETS | 968,610,527 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 75,000,000 |
| Accounts Payable & Other Liabilities | 13,101,611 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 184,658,402 |
| Regular shares | 185,361,688 |
| All Other Shares & Deposits | 445,126,045 |
| TOTAL SHARES & DEPOSITS | 815,146,135 |
| TOTAL LIABILITIES | 903,247,746 |
| Regular Reserve | 0 |
| Other Reserves | -2,676,879 |
| Undivided Earnings | 68,039,660 |
| TOTAL EQUITY | 65,362,781 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 968,610,527 |
| INCOME & EXPENSE | |
| Loan Income | 33,120,950 |
| Investment Income | 2,543,669 |
| Other Income | 5,765,454 |
| Total Employee Compensation & Benefits | 15,333,863 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 14,564,977 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,406,624 |
| Cost of Funds | 10,370,265 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 863,160 |
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