Jun, 30, 2024 — AIRCO FEDERAL CREDIT UNION is a federal credit union headquartered in PASADENA, CA with 1 branch location and about $11.87 million in total assets. Opened 67 years ago in 1957, AIRCO FEDERAL CREDIT UNION has about 1,111 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AIRCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 888 E Walnut St PASADENA, CA 91101-1895 |
| Phone: | (818) 244-6571 |
| Fax: | (818) 244-1009 |
| Website: | https://www.aircofcu.org |
| Branches: | 1 branch locations |
| Members: | 1,111 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11917 |
|---|---|
| Membership Type: | Manufacturing - Machinery |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,872,665 |
| CEO/Manager: | TIGRAN KARASIMONYAN |
| Chairperson: | Carlton Seyforth |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 304,089 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 555,851 |
| Other Loans | 3,519,243 |
| TOTAL LOANS | 4,075,094 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,284 |
| Land And Building | 0 |
| Other Fixed Assets | 385 |
| NCUSIF Deposit | 114,629 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,872,665 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 859 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,052 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,205,888 |
| Regular shares | 6,912,272 |
| All Other Shares & Deposits | 2,206,680 |
| TOTAL SHARES & DEPOSITS | 10,324,840 |
| TOTAL LIABILITIES | 10,330,751 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,541,914 |
| TOTAL EQUITY | 1,541,914 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,872,665 |
| INCOME & EXPENSE | |
| Loan Income | 150,024 |
| Investment Income | 94,234 |
| Other Income | 28,705 |
| Total Employee Compensation & Benefits | 87,302 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 168,447 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 650 |
| Cost of Funds | 12,063 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,399 |
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