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ABNB FEDERAL CREDIT UNION

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

Call Report

  • Commercial Loans
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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