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AIR ACADEMY FEDERAL CREDIT UNION

Mar, 31, 2021 — AIR ACADEMY FEDERAL CREDIT UNION is a federal credit union headquartered in Colorado Spring, CO with 8 branch locations and about $782.50 million in total assets. Opened 66 years ago in 1955, AIR ACADEMY FEDERAL CREDIT UNION has about 48,991 members and employs 145 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: 307070021
Name:AIR ACADEMY FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 62910
Colorado Spring, CO 80962-2910
Phone:(719) 593-8600
Fax:
Website:http://www.aafcu.com
Branches:8 branch locations
Members:48,991
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$782,497,129
CEO/Manager:Glenn L Strebe
Chairperson:Donald M Bird

Call Report

  • Commercial Loans
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 163,200,624
TOTAL INVESTMENTS 50,468,951
Loans Held for Sale 273,837
 
 Real Estate Loans 264,584,219
 Unsecured Loans 27,806,741
 Other Loans 248,935,788
 TOTAL LOANS 541,326,748
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,220,306
 Land And Building 15,330,614
 Other Fixed Assets 3,445,290
 NCUSIF Deposit 5,687,199
 All Other Assets 4,984,172
  TOTAL ASSETS 782,497,129
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 25,000,000
 Accounts Payable & Other Liabilities 5,312,321
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 247,403,775
 Regular shares 173,672,253
 All Other Shares & Deposits 271,315,898
  TOTAL SHARES & DEPOSITS 692,391,926
  TOTAL LIABILITIES 722,704,247
 Regular Reserve 3,678,053
 Other Reserves -186,294
 Undivided Earnings 56,301,123
  TOTAL EQUITY 59,792,882
  TOTAL LIABILITIES, SHARES, & EQUITY 782,497,129
INCOME & EXPENSE  
 Loan Income 5,261,991
 Investment Income 196,349
 Other Income 660,992
 Total Employee Compensation & Benefits 2,908,838
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,660,981
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 398,000
 Cost of Funds 792,106
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 487,215
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