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AERO FEDERAL CREDIT UNION

Dec, 31, 2023 — AERO FEDERAL CREDIT UNION is a federal credit union headquartered in GLENDALE, AZ with 7 branch locations and about $307.52 million in total assets. Opened 66 years ago in 1958, AERO FEDERAL CREDIT UNION has about 22,978 members and employs 55 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 322172904
Name:AERO FEDERAL CREDIT UNION
Address:
(Main Office)
5811 W Talavi Blvd
GLENDALE, AZ 85306
Phone:(623) 334-4701
Fax:(623) 776-4731
Website:https://www.aerofed.net
Branches:7 branch locations
Members:22,978
Credit Union Type:Federal Credit Union
Charter Number:12164
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1958
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$307,521,530
CEO/Manager:Mike Moyes
Chairperson:Michelle Meldrum

Call Report

  • Credit Builder
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 28,171,110
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 50,826,788
 Unsecured Loans 10,647,600
 Other Loans 165,324,898
 TOTAL LOANS 226,799,286
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,842,382
 Land And Building 2,777,156
 Other Fixed Assets 2,228,060
 NCUSIF Deposit 2,569,909
 All Other Assets 112,334
  TOTAL ASSETS 307,521,530
LIABILITIES & CAPITAL:  
 Dividends Payable 153,070
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,023,681
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 46,795,841
 Regular shares 87,102,117
 All Other Shares & Deposits 134,125,783
  TOTAL SHARES & DEPOSITS 268,023,741
  TOTAL LIABILITIES 270,200,492
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 37,321,038
  TOTAL EQUITY 37,321,038
  TOTAL LIABILITIES, SHARES, & EQUITY 307,521,530
INCOME & EXPENSE  
 Loan Income 9,702,415
 Investment Income 2,372,454
 Other Income 900,141
 Total Employee Compensation & Benefits 4,882,584
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,261,702
 Non-operating Income & (Expense) 78,374
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 288,722
 Cost of Funds 3,606,027
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 941,781
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