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National Credit Union Service Organization

ABERDEEN PROVING GROUND FEDERAL CREDIT UNION

Dec, 31, 2023 — ABERDEEN PROVING GROUND FEDERAL CREDIT UNION is a federal credit union headquartered in EDGEWOOD, MD with 15 branch locations and about $2.27 billion in total assets. Opened 86 years ago in 1938, ABERDEEN PROVING GROUND FEDERAL CREDIT UNION has about 157,184 members and employs 391 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 255075576
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:15 branch locations
Members:157,184
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$2,267,158,071
CEO/Manager:Don W Lewis
Chairperson:Donald J Burnett

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 164,923,538
TOTAL INVESTMENTS 0
Loans Held for Sale 359,999
 
 Real Estate Loans 455,285,915
 Unsecured Loans 328,001,350
 Other Loans 989,223,935
 TOTAL LOANS 1,772,511,200
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -16,826,000
 Land And Building 17,189,022
 Other Fixed Assets 15,501,221
 NCUSIF Deposit 18,333,178
 All Other Assets 607,115
  TOTAL ASSETS 2,267,158,071
LIABILITIES & CAPITAL:  
 Dividends Payable 250
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 55,341,528
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 371,627,278
 Regular shares 682,418,551
 All Other Shares & Deposits 975,012,188
  TOTAL SHARES & DEPOSITS 2,029,058,017
  TOTAL LIABILITIES 2,084,399,795
 Regular Reserve 0
 Other Reserves -12,286,349
 Undivided Earnings 195,044,625
  TOTAL EQUITY 182,758,276
  TOTAL LIABILITIES, SHARES, & EQUITY 2,267,158,071
INCOME & EXPENSE  
 Loan Income 92,316,950
 Investment Income 12,399,284
 Other Income 9,946,664
 Total Employee Compensation & Benefits 40,679,704
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 35,649,617
 Non-operating Income & (Expense) 362,667
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 14,382,979
 Cost of Funds 24,236,974
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 14,176,085
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