Sep, 30, 2025 — AEROSPACE FEDERAL CREDIT UNION is a federal credit union headquartered in EL SEGUNDO, CA with 1 branch location and about $473.01 million in total assets. Opened 65 years ago in 1961, AEROSPACE FEDERAL CREDIT UNION has about 9,477 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AEROSPACE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2310 E El Segundo Blvd EL SEGUNDO, CA 90245 |
| Phone: | (310) 336-5030 |
| Fax: | (310) 336-8212 |
| Website: | https://www.aerofcu.org |
| Branches: | 1 branch locations |
| Members: | 9,477 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14723 |
|---|---|
| Membership Type: | Military |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $473,009,803 |
| CEO/Manager: | Marvin L Thomas |
| Chairperson: | David Christopher |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 70,554,557 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 109,401,375 |
| Unsecured Loans | 6,087,897 |
| Other Loans | 44,595,987 |
| TOTAL LOANS | 160,085,258 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -220,000 |
| Land And Building | 0 |
| Other Fixed Assets | 2,093,778 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,161,804 |
| All Other Assets | 0 |
| TOTAL ASSETS | 473,009,803 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 116,000,000 |
| Accounts Payable & Other Liabilities | 4,475,920 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,979,023 |
| Regular shares | 165,517,972 |
| All Other Shares & Deposits | 136,070,916 |
| TOTAL SHARES & DEPOSITS | 331,567,911 |
| TOTAL LIABILITIES | 452,043,831 |
| Regular Reserve | 0 |
| Other Reserves | -20,932,113 |
| Undivided Earnings | 41,898,085 |
| TOTAL EQUITY | 20,965,972 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 473,009,803 |
| INCOME & EXPENSE | |
| Loan Income | 6,846,048 |
| Investment Income | 7,003,454 |
| Other Income | 58,743 |
| Total Employee Compensation & Benefits | 2,108,384 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,120,136 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 343,493 |
| Cost of Funds | 8,440,823 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 534,535 |
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