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AFL CIO EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2023 — AFL CIO EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $54.07 million in total assets. Opened 72 years ago in 1952, AFL CIO EMPLOYEES FEDERAL CREDIT UNION has about 4,894 members and employs 11 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:4,894
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$54,068,013
CEO/Manager:Robert C James
Chairperson:Richard G Womack

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,983,913
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 23,157,685
 Unsecured Loans 4,346,260
 Other Loans 9,853,949
 TOTAL LOANS 37,357,894
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -113,017
 Land And Building 0
 Other Fixed Assets 47,529
 NCUSIF Deposit 456,601
 All Other Assets 0
  TOTAL ASSETS 54,068,013
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 73,548
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,407,039
 Regular shares 28,439,932
 All Other Shares & Deposits 14,336,543
  TOTAL SHARES & DEPOSITS 49,183,514
  TOTAL LIABILITIES 49,257,062
 Regular Reserve 0
 Other Reserves 994,526
 Undivided Earnings 3,816,425
  TOTAL EQUITY 4,810,951
  TOTAL LIABILITIES, SHARES, & EQUITY 54,068,013
INCOME & EXPENSE  
 Loan Income 1,175,428
 Investment Income 197,962
 Other Income 141,345
 Total Employee Compensation & Benefits 910,829
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 657,115
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 37,273
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 150,085
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