Sep, 30, 2025 — ABERDEEN PROVING GROUND FEDERAL CREDIT UNION is a federal credit union headquartered in EDGEWOOD, MD with 18 branch locations and about $2.53 billion in total assets. Opened 88 years ago in 1938, ABERDEEN PROVING GROUND FEDERAL CREDIT UNION has about 180,743 members and employs 415 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ABERDEEN PROVING GROUND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1321 Pulaski Hwy EDGEWOOD, MD 21040-1502 |
| Phone: | (410) 272-4000 |
| Fax: | (410) 612-2316 |
| Website: | https://www.apgfcu.com |
| Branches: | 18 branch locations |
| Members: | 180,743 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2540 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,526,409,531 |
| CEO/Manager: | Becky Smith |
| Chairperson: | Donald J Burnett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 222,019,196 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 635,548,414 |
| Unsecured Loans | 351,371,644 |
| Other Loans | 1,151,024,293 |
| TOTAL LOANS | 2,137,944,351 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,874,763 |
| Land And Building | 16,601,676 |
| Other Fixed Assets | 17,443,134 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 20,097,411 |
| All Other Assets | 965,461 |
| TOTAL ASSETS | 2,526,409,531 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 68 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 39,020,800 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 417,926,296 |
| Regular shares | 707,668,673 |
| All Other Shares & Deposits | 1,128,395,235 |
| TOTAL SHARES & DEPOSITS | 2,253,990,204 |
| TOTAL LIABILITIES | 2,293,011,072 |
| Regular Reserve | 0 |
| Other Reserves | 8,618 |
| Undivided Earnings | 233,389,841 |
| TOTAL EQUITY | 233,398,459 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,526,409,531 |
| INCOME & EXPENSE | |
| Loan Income | 93,403,185 |
| Investment Income | 10,225,033 |
| Other Income | 9,354,289 |
| Total Employee Compensation & Benefits | 35,416,394 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 30,886,593 |
| Non-operating Income & (Expense) | 1,227,479 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,386,626 |
| Cost of Funds | 29,497,328 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 22,015,766 |
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