Mar, 31, 2021 — ABNB FEDERAL CREDIT UNION is a federal credit union headquartered in Chesapeake, VA with 18 branch locations and about $773.68 million in total assets. Opened 61 years ago in 1960, ABNB FEDERAL CREDIT UNION has about 70,276 members and employs 216 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 23320-2624 |
| Phone: | (757) 523-5300 |
| Fax: | (757) 523-5744 |
| Website: | http://www.abnbfcu.org |
| Branches: | 18 branch locations |
| Members: | 70,276 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $773,677,364 |
| CEO/Manager: | Charles Mallon |
| Chairperson: | Richard M Cheliras |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 107,133,301 |
| TOTAL INVESTMENTS | 64,049,692 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 195,582,328 |
| Unsecured Loans | 63,281,908 |
| Other Loans | 259,715,477 |
| TOTAL LOANS | 522,813,812 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,081,645 |
| Land And Building | 23,962,294 |
| Other Fixed Assets | 4,332,731 |
| NCUSIF Deposit | 5,625,140 |
| All Other Assets | 51,842,039 |
| TOTAL ASSETS | 773,677,364 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 10,000,000 |
| Accounts Payable & Other Liabilities | 6,893,708 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 154,961,816 |
| Regular shares | 214,508,703 |
| All Other Shares & Deposits | 328,985,436 |
| TOTAL SHARES & DEPOSITS | 698,455,955 |
| TOTAL LIABILITIES | 715,349,663 |
| Regular Reserve | 4,318,118 |
| Other Reserves | 465,538 |
| Undivided Earnings | 53,544,045 |
| TOTAL EQUITY | 58,327,701 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 773,677,364 |
| INCOME & EXPENSE | |
| Loan Income | 6,513,907 |
| Investment Income | 113,816 |
| Other Income | 1,746,281 |
| Total Employee Compensation & Benefits | 3,984,231 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,880,949 |
| Non-operating Income & (Expense) | 105,395 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 434,000 |
| Cost of Funds | 1,002,657 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 797,594 |
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