Dec, 31, 2023 — A. E. A. FEDERAL CREDIT UNION is a federal credit union headquartered in YUMA, AZ with 4 branch locations and about $389.77 million in total assets. Opened 82 years ago in 1942, A. E. A. FEDERAL CREDIT UNION has about 33,062 members and employs 102 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | A. E. A. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1780 S 1st Ave YUMA, AZ 85364-5705 |
| Phone: | (928) 783-8881 |
| Fax: | (928) 783-0203 |
| Website: | https://www.avenirfinancial.org |
| Branches: | 4 branch locations |
| Members: | 33,062 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4915 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $389,769,033 |
| CEO/Manager: | Adele Sandberg |
| Chairperson: | Timothy J Rooney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,019,726 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 117,471,327 |
| Unsecured Loans | 20,350,739 |
| Other Loans | 104,305,790 |
| TOTAL LOANS | 242,127,857 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,510,267 |
| Land And Building | 14,551,874 |
| Other Fixed Assets | 2,029,779 |
| NCUSIF Deposit | 2,700,735 |
| All Other Assets | 169,308 |
| TOTAL ASSETS | 389,769,033 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 59,863,373 |
| Accounts Payable & Other Liabilities | 6,655,142 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 30,000,000 |
| Share Drafts | 62,294,638 |
| Regular shares | 121,613,230 |
| All Other Shares & Deposits | 86,091,876 |
| TOTAL SHARES & DEPOSITS | 269,999,743 |
| TOTAL LIABILITIES | 366,518,258 |
| Regular Reserve | 0 |
| Other Reserves | -6,417,845 |
| Undivided Earnings | 29,668,620 |
| TOTAL EQUITY | 23,250,775 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 389,769,033 |
| INCOME & EXPENSE | |
| Loan Income | 12,042,467 |
| Investment Income | 3,956,326 |
| Other Income | 2,990,500 |
| Total Employee Compensation & Benefits | 7,449,900 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,568,850 |
| Non-operating Income & (Expense) | -8,321 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,244,558 |
| Cost of Funds | 1,917,719 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,041,155 |
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