Jun, 30, 2024 — ABNB FEDERAL CREDIT UNION is a federal credit union headquartered in CHESAPEAKE, VA with 18 branch locations and about $882.14 million in total assets. Opened 64 years ago in 1960, ABNB FEDERAL CREDIT UNION has about 77,027 members and employs 213 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: | 18 branch locations |
| Members: | 77,027 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $882,137,203 |
| CEO/Manager: | Charles Mallon |
| Chairperson: | Richard M Cheliras |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,592,044 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 266,106,041 |
| Unsecured Loans | 59,014,300 |
| Other Loans | 316,281,451 |
| TOTAL LOANS | 660,795,229 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,121,856 |
| Land And Building | 22,363,500 |
| Other Fixed Assets | 3,327,518 |
| NCUSIF Deposit | 6,352,675 |
| All Other Assets | 684,828 |
| TOTAL ASSETS | 882,137,203 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 72,000,000 |
| Accounts Payable & Other Liabilities | 6,476,153 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 161,965,989 |
| Regular shares | 245,337,054 |
| All Other Shares & Deposits | 330,931,114 |
| TOTAL SHARES & DEPOSITS | 738,234,157 |
| TOTAL LIABILITIES | 816,710,310 |
| Regular Reserve | 0 |
| Other Reserves | 1,408,110 |
| Undivided Earnings | 64,018,783 |
| TOTAL EQUITY | 65,426,893 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 882,137,203 |
| INCOME & EXPENSE | |
| Loan Income | 21,203,210 |
| Investment Income | 1,230,237 |
| Other Income | 4,340,604 |
| Total Employee Compensation & Benefits | 13,143,197 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 12,448,958 |
| Non-operating Income & (Expense) | 3,255,464 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,360,000 |
| Cost of Funds | 2,464,072 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,148,363 |
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