Sep, 30, 2025 — AIR ACADEMY FEDERAL CREDIT UNION is a federal credit union headquartered in COLORADO SPRINGS, CO with 8 branch locations and about $816.88 million in total assets. Opened 71 years ago in 1955, AIR ACADEMY FEDERAL CREDIT UNION has about 44,073 members and employs 148 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AIR ACADEMY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9810 N Union Blvd COLORADO SPRINGS, CO 80924-5002 |
| Phone: | (719) 593-8600 |
| Fax: | |
| Website: | https://www.aafcu.com |
| Branches: | 8 branch locations |
| Members: | 44,073 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10600 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $816,880,827 |
| CEO/Manager: | Glenn L Strebe |
| Chairperson: | Donald M Bird |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 45,008,908 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 673,841 |
| Real Estate Loans | 417,228,151 |
| Unsecured Loans | 55,394,490 |
| Other Loans | 176,709,309 |
| TOTAL LOANS | 649,376,564 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,251,228 |
| Land And Building | 13,334,550 |
| Other Fixed Assets | 2,725,007 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,057,014 |
| All Other Assets | 617,854 |
| TOTAL ASSETS | 816,880,827 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,709 |
| Notes & Interest Payable | 20,000,000 |
| Accounts Payable & Other Liabilities | 8,289,179 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 222,305,771 |
| Regular shares | 146,879,847 |
| All Other Shares & Deposits | 359,326,795 |
| TOTAL SHARES & DEPOSITS | 728,512,413 |
| TOTAL LIABILITIES | 756,805,301 |
| Regular Reserve | 0 |
| Other Reserves | -6,557,591 |
| Undivided Earnings | 66,633,117 |
| TOTAL EQUITY | 60,075,526 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 816,880,827 |
| INCOME & EXPENSE | |
| Loan Income | 27,720,370 |
| Investment Income | 2,132,230 |
| Other Income | 1,959,729 |
| Total Employee Compensation & Benefits | 10,673,351 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,148,178 |
| Non-operating Income & (Expense) | -730 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,453,000 |
| Cost of Funds | 8,021,559 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 880,150 |
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