Dec, 31, 2023 — ABOUND FEDERAL CREDIT UNION is a federal credit union headquartered in RADCLIFF, KY with 17 branch locations and about $2.26 billion in total assets. Opened 74 years ago in 1950, ABOUND FEDERAL CREDIT UNION has about 134,931 members and employs 359 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ABOUND FEDERAL CREDIT UNION |
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Address: (Main Office) | 3939 S Dixie Blvd RADCLIFF, KY 40160-5113 |
Phone: | (800) 285-5669 |
Fax: | |
Website: | https://www.aboundcu.com |
Branches: | 17 branch locations |
Members: | 134,931 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7000 |
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Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,260,952,942 |
CEO/Manager: | Raymond H Springsteen |
Chairperson: | Richard L Ardisson |
ASSETS: | $ Amount |
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Cash & Equivalents | 223,755,235 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 756,033,790 |
Unsecured Loans | 119,705,610 |
Other Loans | 748,961,107 |
TOTAL LOANS | 1,624,700,507 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,484,782 |
Land And Building | 19,982,243 |
Other Fixed Assets | 5,107,836 |
NCUSIF Deposit | 13,154,897 |
All Other Assets | 454,000 |
TOTAL ASSETS | 2,260,952,942 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7,899,506 |
Notes & Interest Payable | 85,000,000 |
Accounts Payable & Other Liabilities | 19,186,582 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 229,004,892 |
Regular shares | 408,687,988 |
All Other Shares & Deposits | 1,218,836,511 |
TOTAL SHARES & DEPOSITS | 1,856,529,391 |
TOTAL LIABILITIES | 1,968,844,440 |
Regular Reserve | 0 |
Other Reserves | -66,544,593 |
Undivided Earnings | 358,653,095 |
TOTAL EQUITY | 292,108,502 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,260,952,942 |
INCOME & EXPENSE | |
Loan Income | 84,235,581 |
Investment Income | 15,622,432 |
Other Income | 11,690,236 |
Total Employee Compensation & Benefits | 24,478,042 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,117,847 |
Non-operating Income & (Expense) | 12,663 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,058,512 |
Cost of Funds | 36,277,476 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 29,107,602 |
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» See also Statement of Financial Condition