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.
Name: | ABERDEEN PROVING GROUND FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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