Mar, 31, 2021 — ABD FEDERAL CREDIT UNION is a federal credit union headquartered in WARREN, MI with 3 branch locations and about $82.17 million in total assets. Opened 73 years ago in 1948, ABD FEDERAL CREDIT UNION has about 10,567 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ABD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 27850 MOUND RD WARREN, MI 48092 |
| Phone: | (586) 751-4400 |
| Fax: | (586) 751-4407 |
| Website: | http://www.abdfcu.com |
| Branches: | 3 branch locations |
| Members: | 10,567 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5885 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $82,170,706 |
| CEO/Manager: | James H Carson |
| Chairperson: | Charlie Spann |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 52,059,358 |
| TOTAL INVESTMENTS | 12,575,654 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,738,068 |
| Unsecured Loans | 3,921,096 |
| Other Loans | 6,415,709 |
| TOTAL LOANS | 13,074,873 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -117,775 |
| Land And Building | 508,161 |
| Other Fixed Assets | 237,795 |
| NCUSIF Deposit | 626,987 |
| All Other Assets | 3,205,653 |
| TOTAL ASSETS | 82,170,706 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,619 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,385,523 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,688,894 |
| Regular shares | 44,160,040 |
| All Other Shares & Deposits | 19,487,475 |
| TOTAL SHARES & DEPOSITS | 72,336,409 |
| TOTAL LIABILITIES | 73,723,551 |
| Regular Reserve | 1,177,977 |
| Other Reserves | 0 |
| Undivided Earnings | 7,269,178 |
| TOTAL EQUITY | 8,447,155 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 82,170,706 |
| INCOME & EXPENSE | |
| Loan Income | 249,680 |
| Investment Income | 62,488 |
| Other Income | 354,093 |
| Total Employee Compensation & Benefits | 331,928 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 445,922 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 67,000 |
| Cost of Funds | 19,489 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -65,565 |
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