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APL FEDERAL CREDIT UNION

Jun, 30, 2024 — APL FEDERAL CREDIT UNION is a federal credit union headquartered in LAUREL, MD with 3 branch locations and about $625.06 million in total assets. Opened 71 years ago in 1954, APL FEDERAL CREDIT UNION has about 28,927 members and employs 51 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 255077998
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:28,927
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$625,063,952
CEO/Manager:David M Woodruff
Chairperson:Alice Berman

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,386,280
TOTAL INVESTMENTS 0
Loans Held for Sale 201,709
 
 Real Estate Loans 193,602,022
 Unsecured Loans 11,178,120
 Other Loans 236,959,995
 TOTAL LOANS 441,740,137
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -592,054
 Land And Building 8,116,918
 Other Fixed Assets 1,033,060
 NCUSIF Deposit 5,039,907
 All Other Assets 0
  TOTAL ASSETS 625,063,952
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 15,000,000
 Accounts Payable & Other Liabilities 10,373,473
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 120,296,002
 Regular shares 264,900,946
 All Other Shares & Deposits 175,026,316
  TOTAL SHARES & DEPOSITS 560,223,264
  TOTAL LIABILITIES 585,596,737
 Regular Reserve 0
 Other Reserves -22,290,388
 Undivided Earnings 61,757,603
  TOTAL EQUITY 39,467,215
  TOTAL LIABILITIES, SHARES, & EQUITY 625,063,952
INCOME & EXPENSE  
 Loan Income 8,367,324
 Investment Income 1,458,497
 Other Income 451,835
 Total Employee Compensation & Benefits 5,647,171
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,541,554
 Non-operating Income & (Expense) -27,508
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 69,500
 Cost of Funds 901,992
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,090,765
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