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AERO FEDERAL CREDIT UNION

Mar, 31, 2022 — AERO FEDERAL CREDIT UNION is a federal credit union headquartered in GLENDALE, AZ with 7 branch locations and about $302.24 million in total assets. Opened 64 years ago in 1958, AERO FEDERAL CREDIT UNION has about 19,308 members and employs 52 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:http://www.aerofed.net
Branches:7 branch locations
Members:19,308
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$302,243,163
CEO/Manager:Mike Moyes
Chairperson:Michelle Meldrum

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 29,608,761
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 34,999,066
 Unsecured Loans 9,837,616
 Other Loans 156,755,150
 TOTAL LOANS 201,591,832
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,056,550
 Land And Building 2,960,313
 Other Fixed Assets 385,582
 NCUSIF Deposit 2,295,044
 All Other Assets 34,530
  TOTAL ASSETS 302,243,163
LIABILITIES & CAPITAL:  
 Dividends Payable 6,630
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,435,468
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 58,083,960
 Regular shares 123,130,639
 All Other Shares & Deposits 83,265,710
  TOTAL SHARES & DEPOSITS 264,480,309
  TOTAL LIABILITIES 265,922,407
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 36,320,756
  TOTAL EQUITY 36,320,756
  TOTAL LIABILITIES, SHARES, & EQUITY 302,243,163
INCOME & EXPENSE  
 Loan Income 1,646,726
 Investment Income 105,527
 Other Income 219,652
 Total Employee Compensation & Benefits 1,067,733
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 784,012
 Non-operating Income & (Expense) -1,313
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,161
 Cost of Funds 85,991
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 390,744
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