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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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