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ABNB FEDERAL CREDIT UNION

Dec, 31, 2023 — ABNB FEDERAL CREDIT UNION is a federal credit union headquartered in CHESAPEAKE, VA with 16 branch locations and about $881.89 million in total assets. Opened 64 years ago in 1960, ABNB FEDERAL CREDIT UNION has about 81,404 members and employs 221 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:16 branch locations
Members:81,404
Credit Union Type:Federal Credit Union
Charter Number:13605
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1960
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$881,889,338
CEO/Manager:Charles Mallon
Chairperson:Marvin Brangan

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,457,287
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 288,814,686
 Unsecured Loans 61,238,095
 Other Loans 312,822,155
 TOTAL LOANS 680,346,147
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,553,200
 Land And Building 21,591,541
 Other Fixed Assets 5,778,267
 NCUSIF Deposit 7,051,418
 All Other Assets 267,160
  TOTAL ASSETS 881,889,338
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,785,816
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 150,454,230
 Regular shares 215,650,486
 All Other Shares & Deposits 437,630,325
  TOTAL SHARES & DEPOSITS 803,735,041
  TOTAL LIABILITIES 816,520,857
 Regular Reserve 0
 Other Reserves 955,019
 Undivided Earnings 64,413,462
  TOTAL EQUITY 65,368,481
  TOTAL LIABILITIES, SHARES, & EQUITY 881,889,338
INCOME & EXPENSE  
 Loan Income 37,453,109
 Investment Income 3,395,902
 Other Income 7,076,006
 Total Employee Compensation & Benefits 18,419,289
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,607,140
 Non-operating Income & (Expense) 69,487
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,363,454
 Cost of Funds 11,313,106
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,026,123
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