Sep, 30, 2025 — AERO FEDERAL CREDIT UNION is a federal credit union headquartered in GLENDALE, AZ with 7 branch locations and about $345.66 million in total assets. Opened 68 years ago in 1958, AERO FEDERAL CREDIT UNION has about 24,420 members and employs 53 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AERO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5811 W Talavi Blvd GLENDALE, AZ 85306 |
| Phone: | (623) 334-4701 |
| Fax: | (623) 776-4731 |
| Website: | https://www.aerofinancial.com |
| Branches: | 7 branch locations |
| Members: | 24,420 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $345,659,397 |
| CEO/Manager: | Mike Moyes |
| Chairperson: | Curtis Laclaire |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 33,539,497 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 80,014,052 |
| Unsecured Loans | 9,137,771 |
| Other Loans | 178,762,841 |
| TOTAL LOANS | 267,914,664 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,977,327 |
| Land And Building | 5,738,503 |
| Other Fixed Assets | 2,346,654 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,570,469 |
| All Other Assets | 46,364 |
| TOTAL ASSETS | 345,659,397 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 237,417 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,210,144 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 46,702,529 |
| Regular shares | 77,839,254 |
| All Other Shares & Deposits | 177,341,023 |
| TOTAL SHARES & DEPOSITS | 301,882,806 |
| TOTAL LIABILITIES | 304,330,635 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 41,328,762 |
| TOTAL EQUITY | 41,328,762 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 345,659,397 |
| INCOME & EXPENSE | |
| Loan Income | 10,778,129 |
| Investment Income | 2,005,167 |
| Other Income | 857,743 |
| Total Employee Compensation & Benefits | 3,676,791 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,633,758 |
| Non-operating Income & (Expense) | 58,286 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 541,814 |
| Cost of Funds | 4,855,853 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,675,216 |
| ↑ Back to Top | |