Jun, 30, 2024 — AMERICAN PARTNERS FEDERAL CREDIT UNION is a federal credit union headquartered in REIDSVILLE, NC with 3 branch locations and about $82.17 million in total assets. Opened 49 years ago in 1975, AMERICAN PARTNERS FEDERAL CREDIT UNION has about 8,724 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMERICAN PARTNERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 618 N Scales St REIDSVILLE, NC 27320-2941 |
| Phone: | (336) 349-2729 |
| Fax: | (336) 342-0687 |
| Website: | https://www.apfcu.com |
| Branches: | 3 branch locations |
| Members: | 8,724 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22119 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $82,165,586 |
| CEO/Manager: | Brian Bone |
| Chairperson: | Kenneth H Ford |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,777,603 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,913,374 |
| Unsecured Loans | 4,721,247 |
| Other Loans | 19,273,938 |
| TOTAL LOANS | 65,613,565 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -243,862 |
| Land And Building | 3,224,498 |
| Other Fixed Assets | 383,816 |
| NCUSIF Deposit | 646,324 |
| All Other Assets | 105,408 |
| TOTAL ASSETS | 82,165,586 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,000,000 |
| Accounts Payable & Other Liabilities | 1,093,486 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,186,441 |
| Regular shares | 21,143,562 |
| All Other Shares & Deposits | 34,080,117 |
| TOTAL SHARES & DEPOSITS | 71,410,120 |
| TOTAL LIABILITIES | 74,503,606 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,661,980 |
| TOTAL EQUITY | 7,661,980 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 82,165,586 |
| INCOME & EXPENSE | |
| Loan Income | 2,166,474 |
| Investment Income | 66,205 |
| Other Income | 525,389 |
| Total Employee Compensation & Benefits | 1,542,215 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,564,539 |
| Non-operating Income & (Expense) | 847,938 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 72,022 |
| Cost of Funds | 185,794 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 241,436 |
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