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.
Name: | APL FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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