Dec, 31, 2023 — AFL CIO EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $54.15 million in total assets. Opened 72 years ago in 1952, AFL CIO EMPLOYEES FEDERAL CREDIT UNION has about 5,190 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AFL CIO EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 555 New Jersey Ave NW WASHINGTON, DC 20001 |
| Phone: | (301) 683-2800 |
| Fax: | (202) 393-6279 |
| Website: | https://www.aflcioefcu.org |
| Branches: | 1 branch locations |
| Members: | 5,190 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7992 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $54,147,560 |
| CEO/Manager: | Robert C James |
| Chairperson: | Richard G Womack |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,691,065 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,493,932 |
| Unsecured Loans | 4,494,766 |
| Other Loans | 9,856,582 |
| TOTAL LOANS | 39,845,280 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -292,064 |
| Land And Building | 0 |
| Other Fixed Assets | 28,162 |
| NCUSIF Deposit | 457,954 |
| All Other Assets | 38,949 |
| TOTAL ASSETS | 54,147,560 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 250,000 |
| Accounts Payable & Other Liabilities | 58,732 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,950,142 |
| Regular shares | 25,141,058 |
| All Other Shares & Deposits | 17,347,827 |
| TOTAL SHARES & DEPOSITS | 48,439,027 |
| TOTAL LIABILITIES | 48,747,759 |
| Regular Reserve | 0 |
| Other Reserves | -534,912 |
| Undivided Earnings | 5,934,713 |
| TOTAL EQUITY | 5,399,801 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 54,147,560 |
| INCOME & EXPENSE | |
| Loan Income | 1,991,598 |
| Investment Income | 368,045 |
| Other Income | 206,615 |
| Total Employee Compensation & Benefits | 1,012,310 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 961,989 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 150,714 |
| Cost of Funds | 310,245 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 309,050 |
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