Sep, 30, 2025 — APL FEDERAL CREDIT UNION is a federal credit union headquartered in LAUREL, MD with 3 branch locations and about $680.75 million in total assets. Opened 72 years ago in 1954, APL FEDERAL CREDIT UNION has about 30,900 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | APL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 11050 Johns Hopkins Rd LAUREL, MD 20723 |
| Phone: | (240) 228-5250 |
| Fax: | (240) 228-5771 |
| Website: | https://www.aplfcu.org |
| Branches: | 3 branch locations |
| Members: | 30,900 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9475 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $680,753,653 |
| CEO/Manager: | David M Woodruff |
| Chairperson: | Alice Mault |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,582,206 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 160,000 |
| Real Estate Loans | 232,575,622 |
| Unsecured Loans | 10,562,342 |
| Other Loans | 211,955,065 |
| TOTAL LOANS | 455,093,029 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,171,413 |
| Land And Building | 7,594,563 |
| Other Fixed Assets | 3,023,390 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,154,353 |
| All Other Assets | 0 |
| TOTAL ASSETS | 680,753,653 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,780,212 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 117,594,209 |
| Regular shares | 215,715,660 |
| All Other Shares & Deposits | 268,639,338 |
| TOTAL SHARES & DEPOSITS | 601,949,207 |
| TOTAL LIABILITIES | 608,735,295 |
| Regular Reserve | 0 |
| Other Reserves | -5,072,839 |
| Undivided Earnings | 77,091,197 |
| TOTAL EQUITY | 72,018,358 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 680,753,653 |
| INCOME & EXPENSE | |
| Loan Income | 15,767,957 |
| Investment Income | 4,105,700 |
| Other Income | 527,807 |
| Total Employee Compensation & Benefits | 7,211,771 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,953,841 |
| Non-operating Income & (Expense) | -36,999 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 641,027 |
| Cost of Funds | 6,785,805 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,016,627 |
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