Dec, 31, 2023 — ATLANTIC CITY FEDERAL CREDIT UNION is a federal credit union headquartered in LANDER, WY with 3 branch locations and about $188.04 million in total assets. Opened 60 years ago in 1964, ATLANTIC CITY FEDERAL CREDIT UNION has about 11,850 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ATLANTIC CITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1005 11th St LANDER, WY 82520-2663 |
| Phone: | (307) 332-5151 |
| Fax: | (307) 332-8114 |
| Website: | https://www.atlanticcity.coop |
| Branches: | 3 branch locations |
| Members: | 11,850 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16009 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $188,040,954 |
| CEO/Manager: | Brian Rohrbacher |
| Chairperson: | Bonnie Hildner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,697,210 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 80,681,099 |
| Unsecured Loans | 3,126,846 |
| Other Loans | 56,646,136 |
| TOTAL LOANS | 140,454,081 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -657,507 |
| Land And Building | 4,221,289 |
| Other Fixed Assets | 407,079 |
| NCUSIF Deposit | 1,548,551 |
| All Other Assets | 135,986 |
| TOTAL ASSETS | 188,040,954 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 662,369 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 130,738 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,924,081 |
| Regular shares | 43,774,376 |
| All Other Shares & Deposits | 86,208,902 |
| TOTAL SHARES & DEPOSITS | 163,907,361 |
| TOTAL LIABILITIES | 164,700,468 |
| Regular Reserve | 0 |
| Other Reserves | -265,852 |
| Undivided Earnings | 23,606,338 |
| TOTAL EQUITY | 23,340,486 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 188,040,954 |
| INCOME & EXPENSE | |
| Loan Income | 7,703,750 |
| Investment Income | 1,031,821 |
| Other Income | 758,097 |
| Total Employee Compensation & Benefits | 3,018,608 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,776,259 |
| Non-operating Income & (Expense) | 2,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 400,443 |
| Cost of Funds | 1,980,913 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,789,870 |
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