Sep, 30, 2025 — ABOUND FEDERAL CREDIT UNION is a federal credit union headquartered in RADCLIFF, KY with 18 branch locations and about $2.57 billion in total assets. Opened 76 years ago in 1950, ABOUND FEDERAL CREDIT UNION has about 122,259 members and employs 389 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 |
|---|---|
| Address: (Main Office) | 3939 S Dixie Blvd RADCLIFF, KY 40160-5113 |
| Phone: | (800) 285-5669 |
| Fax: | |
| Website: | https://www.aboundcu.com |
| Branches: | 18 branch locations |
| Members: | 122,259 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7000 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,571,819,502 |
| CEO/Manager: | Raymond H Springsteen |
| Chairperson: | Wanda S Parker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 224,220,536 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 953,508,606 |
| Unsecured Loans | 129,906,817 |
| Other Loans | 806,177,821 |
| TOTAL LOANS | 1,889,593,244 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,589,352 |
| Land And Building | 27,990,176 |
| Other Fixed Assets | 6,118,424 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 17,412,816 |
| All Other Assets | 923,240 |
| TOTAL ASSETS | 2,571,819,502 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,446,579 |
| Notes & Interest Payable | 70,000,000 |
| Accounts Payable & Other Liabilities | 20,477,825 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 252,422,389 |
| Regular shares | 412,829,716 |
| All Other Shares & Deposits | 1,445,988,076 |
| TOTAL SHARES & DEPOSITS | 2,111,240,181 |
| TOTAL LIABILITIES | 2,209,537,877 |
| Regular Reserve | 0 |
| Other Reserves | -52,403,006 |
| Undivided Earnings | 414,684,631 |
| TOTAL EQUITY | 362,281,625 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,571,819,502 |
| INCOME & EXPENSE | |
| Loan Income | 87,765,834 |
| Investment Income | 13,295,323 |
| Other Income | 8,883,930 |
| Total Employee Compensation & Benefits | 21,142,741 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 21,621,520 |
| Non-operating Income & (Expense) | 83,061 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,934,521 |
| Cost of Funds | 44,356,570 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 24,318,599 |
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