Dec, 31, 2023 — AMERICAN PARTNERS FEDERAL CREDIT UNION is a federal credit union headquartered in REIDSVILLE, NC with 3 branch locations and about $91.20 million in total assets. Opened 49 years ago in 1975, AMERICAN PARTNERS FEDERAL CREDIT UNION has about 8,956 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AMERICAN PARTNERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 618 N Scales St REIDSVILLE, NC 27320-2941 |
Phone: | (336) 349-2729 |
Fax: | (336) 342-0687 |
Website: | https://www.apfcu.com |
Branches: | 3 branch locations |
Members: | 8,956 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22119 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1975 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $91,200,807 |
CEO/Manager: | Brian Bone |
Chairperson: | John T McCollum |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,968,613 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 40,934,940 |
Unsecured Loans | 4,929,843 |
Other Loans | 17,055,153 |
TOTAL LOANS | 71,787,313 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -444,422 |
Land And Building | 3,238,650 |
Other Fixed Assets | 338,601 |
NCUSIF Deposit | 693,720 |
All Other Assets | 101,768 |
TOTAL ASSETS | 91,200,807 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 5,500,000 |
Accounts Payable & Other Liabilities | 875,383 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,633,234 |
Regular shares | 17,939,966 |
All Other Shares & Deposits | 44,209,596 |
TOTAL SHARES & DEPOSITS | 76,782,797 |
TOTAL LIABILITIES | 83,158,180 |
Regular Reserve | 0 |
Other Reserves | -128,029 |
Undivided Earnings | 8,170,656 |
TOTAL EQUITY | 8,042,627 |
TOTAL LIABILITIES, SHARES, & EQUITY | 91,200,807 |
INCOME & EXPENSE | |
Loan Income | 3,970,779 |
Investment Income | 271,371 |
Other Income | 633,216 |
Total Employee Compensation & Benefits | 1,789,284 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,199,750 |
Non-operating Income & (Expense) | 829,782 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 238,006 |
Cost of Funds | 944,230 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 533,878 |
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