Dec, 31, 2023 — AEROSPACE FEDERAL CREDIT UNION is a federal credit union headquartered in EL SEGUNDO, CA with 1 branch location and about $413.83 million in total assets. Opened 63 years ago in 1961, AEROSPACE FEDERAL CREDIT UNION has about 9,610 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AEROSPACE FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 2310 E El Segundo Blvd EL SEGUNDO, CA 90245 |
Phone: | (310) 336-5030 |
Fax: | (310) 336-8212 |
Website: | https://www.aerofcu.org |
Branches: | 1 branch locations |
Members: | 9,610 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14723 |
---|---|
Membership Type: | Military |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $413,828,443 |
CEO/Manager: | Marvin L Thomas |
Chairperson: | David Christopher |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 16,090,497 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 245,600 |
Real Estate Loans | 73,545,677 |
Unsecured Loans | 6,894,508 |
Other Loans | 17,578,420 |
TOTAL LOANS | 98,018,605 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -80,000 |
Land And Building | 0 |
Other Fixed Assets | 2,276,191 |
NCUSIF Deposit | 3,375,902 |
All Other Assets | 0 |
TOTAL ASSETS | 413,828,443 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 50,000,000 |
Accounts Payable & Other Liabilities | 3,954,615 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 28,727,966 |
Regular shares | 192,787,898 |
All Other Shares & Deposits | 127,543,344 |
TOTAL SHARES & DEPOSITS | 349,059,209 |
TOTAL LIABILITIES | 403,013,824 |
Regular Reserve | 0 |
Other Reserves | -30,712,346 |
Undivided Earnings | 41,526,965 |
TOTAL EQUITY | 10,814,619 |
TOTAL LIABILITIES, SHARES, & EQUITY | 413,828,443 |
INCOME & EXPENSE | |
Loan Income | 3,934,914 |
Investment Income | 7,798,241 |
Other Income | 77,605 |
Total Employee Compensation & Benefits | 2,868,014 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,066,880 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 118,092 |
Cost of Funds | 5,617,675 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 50,288 |
↑ Back to Top |