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National Credit Union Service Organization

AERO FEDERAL CREDIT UNION

Dec, 31, 2020 — AERO FEDERAL CREDIT UNION is a federal credit union headquartered in Glendale, AZ with 8 branch locations and about $262.17 million in total assets. Opened 63 years ago in 1958, AERO FEDERAL CREDIT UNION has about 18,657 members and employs 55 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:8 branch locations
Members:18,657
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$262,166,880
CEO/Manager:Mike Moyes
Chairperson:Richard Clauer

Call Report

  • Credit Builder
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 22,351,753
TOTAL INVESTMENTS 58,931,269
Loans Held for Sale 0
 
 Real Estate Loans 19,786,744
 Unsecured Loans 11,291,704
 Other Loans 134,048,896
 TOTAL LOANS 165,127,344
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,009,367
 Land And Building 3,082,127
 Other Fixed Assets 354,176
 NCUSIF Deposit 2,181,326
 All Other Assets 11,148,252
  TOTAL ASSETS 262,166,880
LIABILITIES & CAPITAL:  
 Dividends Payable 8,983
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,363,786
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 46,643,734
 Regular shares 105,609,425
 All Other Shares & Deposits 74,269,308
  TOTAL SHARES & DEPOSITS 226,522,467
  TOTAL LIABILITIES 227,895,236
 Regular Reserve 3,074,938
 Other Reserves 0
 Undivided Earnings 31,196,706
  TOTAL EQUITY 34,271,644
  TOTAL LIABILITIES, SHARES, & EQUITY 262,166,880
INCOME & EXPENSE  
 Loan Income 6,441,642
 Investment Income 830,855
 Other Income 2,175,787
 Total Employee Compensation & Benefits 4,148,117
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,057,072
 Non-operating Income & (Expense) -6,066
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 768,244
 Cost of Funds 664,664
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -195,879
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