Overview / Commentary
APL Federal Credit Union is headquartered in Laurel and is the 14th largest credit union in the state of Maryland. It is also the 620th largest credit union in the nation. It was established in 1954 and as of June of 2022, it had grown to 56 employees and 28,104 members at 3 locations. APL Federal Credit Union's CD rates are 3X the national average, and it has an A health rating.
Field of Membership Restrictions
APL Federal Credit Union membership is open to those who live, work, regularly conduct business, or attend school in Howard County. Immediate family of current credit union members may also join.
See current membership details
Health
A
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9475 |
| Year Chartered | 1954 |
| Employees | 56 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.49% |
| Return on Equity - YTD | -7.56% |
| Annual Interest Income | $6.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $619.6MM$584.7MM |
| Loans | Q2 2022vs Q2 2021 | $412.2MM$341.3MM |
| Deposits | Q2 2022vs Q2 2021 | $569.3MM$520.0MM |
| Equity Capital | Q2 2022vs Q2 2021 | $40.1MM$52.4MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $554.00K$579.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $165.00K$389.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |