Credit Unions Near Me
National Credit Union Service Organization

ABD FEDERAL CREDIT UNION

Mar, 31, 2022 — ABD FEDERAL CREDIT UNION is a federal credit union headquartered in WARREN, MI with 3 branch locations and about $77.42 million in total assets. Opened 74 years ago in 1948, ABD FEDERAL CREDIT UNION has about 9,324 members and employs 23 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:9,324
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$77,419,571
CEO/Manager:Jared C Chauvin
Chairperson:Charlie Spann

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 39,474,877
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,166,967
 Unsecured Loans 4,730,065
 Other Loans 5,692,305
 TOTAL LOANS 12,589,337
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -244,255
 Land And Building 483,442
 Other Fixed Assets 167,501
 NCUSIF Deposit 695,042
 All Other Assets 0
  TOTAL ASSETS 77,419,571
LIABILITIES & CAPITAL:  
 Dividends Payable 1,158
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,276,620
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,345,343
 Regular shares 39,927,526
 All Other Shares & Deposits 19,569,279
  TOTAL SHARES & DEPOSITS 67,842,148
  TOTAL LIABILITIES 69,119,926
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 8,299,645
  TOTAL EQUITY 8,299,645
  TOTAL LIABILITIES, SHARES, & EQUITY 77,419,571
INCOME & EXPENSE  
 Loan Income 248,355
 Investment Income 57,041
 Other Income 347,418
 Total Employee Compensation & Benefits 307,482
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 452,678
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 115,000
 Cost of Funds 18,290
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -106,147
↑ Back to Top

Other Credit Unions

TANDEM FEDERAL CREDIT UNION
21043 Mound Rd
WARREN, MI 48091-2903
WARREN MUNICIPAL FEDERAL CREDIT UNION
31300 Hoover Rd
WARREN, MI 48093-1774
EASTPOINTE COMMUNITY CREDIT UNION
22544 Gratiot Ave
EASTPOINTE, MI 48021-2312
UNITY CREDIT UNION
7240 E 12 MILE RD
WARREN, MI 48092
T&I CREDIT UNION
600 N Main St
CLAWSON, MI 48017
LIVE LIFE FEDERAL CREDIT UNION
34200 Utica Rd
FRASER, MI 48026
EXTRA CREDIT UNION
6611 Chicago Rd
WARREN, MI 48092-1685
UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNION
26791 Ryan Rd
WARREN, MI 48091-4073
POLISH-AMERICAN FEDERAL CREDIT UNION
2889 E Maple Rd
TROY, MI 48083
THE LOCAL CREDIT UNION
39139 Mound Rd
STERLING HEIGHTS, MI 48310-2737