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APL FEDERAL CREDIT UNION

Dec, 31, 2023 — APL FEDERAL CREDIT UNION is a federal credit union headquartered in LAUREL, MD with 3 branch locations and about $626.03 million in total assets. Opened 70 years ago in 1954, APL FEDERAL CREDIT UNION has about 30,009 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.


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:30,009
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$626,032,028
CEO/Manager:David M Woodruff
Chairperson:Alice Mault

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 15,312,638
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 202,753,093
 Unsecured Loans 11,703,922
 Other Loans 234,606,691
 TOTAL LOANS 449,063,706
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -917,199
 Land And Building 7,872,654
 Other Fixed Assets 1,900,170
 NCUSIF Deposit 5,114,104
 All Other Assets 0
  TOTAL ASSETS 626,032,028
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 20,000,000
 Accounts Payable & Other Liabilities 5,296,875
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 120,153,031
 Regular shares 230,116,433
 All Other Shares & Deposits 196,521,196
  TOTAL SHARES & DEPOSITS 546,790,659
  TOTAL LIABILITIES 572,090,128
 Regular Reserve 0
 Other Reserves -12,784,499
 Undivided Earnings 66,726,399
  TOTAL EQUITY 53,941,900
  TOTAL LIABILITIES, SHARES, & EQUITY 626,032,028
INCOME & EXPENSE  
 Loan Income 16,784,276
 Investment Income 2,063,000
 Other Income 553,204
 Total Employee Compensation & Benefits 7,792,825
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,648,114
 Non-operating Income & (Expense) -86,864
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 325,024
 Cost of Funds 5,669,389
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,655,084
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