Jun, 30, 2024 — ABERDEEN PROVING GROUND FEDERAL CREDIT UNION is a federal credit union headquartered in EDGEWOOD, MD with 15 branch locations and about $2.08 billion in total assets. Opened 86 years ago in 1938, ABERDEEN PROVING GROUND FEDERAL CREDIT UNION has about 152,067 members and employs 364 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: | 152,067 |
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, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,081,850,273 |
CEO/Manager: | Don W Lewis |
Chairperson: | Paul Eikenberg |
ASSETS: | $ Amount |
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Cash & Equivalents | 214,620,513 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 363,481,158 |
Unsecured Loans | 280,667,673 |
Other Loans | 935,139,319 |
TOTAL LOANS | 1,579,288,150 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,898,000 |
Land And Building | 17,242,624 |
Other Fixed Assets | 9,556,451 |
NCUSIF Deposit | 17,423,878 |
All Other Assets | 606,420 |
TOTAL ASSETS | 2,081,850,273 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,714,261 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 56,086,592 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 393,103,368 |
Regular shares | 741,567,790 |
All Other Shares & Deposits | 749,817,136 |
TOTAL SHARES & DEPOSITS | 1,884,488,294 |
TOTAL LIABILITIES | 1,942,289,147 |
Regular Reserve | 0 |
Other Reserves | -35,730,193 |
Undivided Earnings | 175,291,319 |
TOTAL EQUITY | 139,561,126 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,081,850,273 |
INCOME & EXPENSE | |
Loan Income | 52,081,630 |
Investment Income | 3,601,280 |
Other Income | 5,763,695 |
Total Employee Compensation & Benefits | 28,822,376 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,178,126 |
Non-operating Income & (Expense) | -513,062 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,747,217 |
Cost of Funds | 6,305,969 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 9,936,249 |
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