Dec, 31, 2023 — ATLANTIC FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in HUNT VALLEY, MD with 2 branch locations and about $99.63 million in total assets. Opened 74 years ago in 1950, ATLANTIC FINANCIAL FEDERAL CREDIT UNION has about 9,085 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ATLANTIC FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 40 Schilling Rd HUNT VALLEY, MD 21031-1105 |
| Phone: | (410) 584-7474 |
| Fax: | (410) 584-8061 |
| Website: | https://www.affcu.org |
| Branches: | 2 branch locations |
| Members: | 9,085 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6652 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $99,630,700 |
| CEO/Manager: | Matthew P Piazza |
| Chairperson: | Wade M Walters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,650,442 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 38,393,366 |
| Unsecured Loans | 8,012,392 |
| Other Loans | 15,372,715 |
| TOTAL LOANS | 61,778,473 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -763,068 |
| Land And Building | 1,181,895 |
| Other Fixed Assets | 576,836 |
| NCUSIF Deposit | 913,078 |
| All Other Assets | 26,073 |
| TOTAL ASSETS | 99,630,700 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 798,354 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,536,480 |
| Regular shares | 30,808,383 |
| All Other Shares & Deposits | 43,741,628 |
| TOTAL SHARES & DEPOSITS | 90,086,491 |
| TOTAL LIABILITIES | 90,884,845 |
| Regular Reserve | 0 |
| Other Reserves | -686,884 |
| Undivided Earnings | 9,432,739 |
| TOTAL EQUITY | 8,745,855 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 99,630,700 |
| INCOME & EXPENSE | |
| Loan Income | 3,229,391 |
| Investment Income | 940,018 |
| Other Income | 820,247 |
| Total Employee Compensation & Benefits | 1,894,381 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,731,131 |
| Non-operating Income & (Expense) | -11,650 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 573,783 |
| Cost of Funds | 1,048,042 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -574,437 |
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