Dec, 31, 2020 — AEROSPACE FEDERAL CREDIT UNION is a federal credit union headquartered in Los Angeles, CA with 1 branch location and about $406.85 million in total assets. Opened 60 years ago in 1961, AEROSPACE FEDERAL CREDIT UNION has about 10,416 members and employs 26 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) | PO Box 90735 Los Angeles, CA 90009 |
| Phone: | (310) 336-5030 |
| Fax: | (310) 336-8212 |
| Website: | http://www.aerofcu.org |
| Branches: | 1 branch locations |
| Members: | 10,416 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14723 |
|---|---|
| Membership Type: | Military |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $406,848,447 |
| CEO/Manager: | Marvin L Thomas |
| Chairperson: | Charlotte M Lazar-Morrison |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,860,146 |
| TOTAL INVESTMENTS | 260,738,945 |
| Loans Held for Sale | 1,018,259 |
| Real Estate Loans | 71,465,478 |
| Unsecured Loans | 6,663,739 |
| Other Loans | 16,895,084 |
| TOTAL LOANS | 95,024,301 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -230,000 |
| Land And Building | 0 |
| Other Fixed Assets | 1,158,311 |
| NCUSIF Deposit | 3,323,240 |
| All Other Assets | 14,955,245 |
| TOTAL ASSETS | 406,848,447 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,901,928 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,203,725 |
| Regular shares | 237,371,874 |
| All Other Shares & Deposits | 97,967,391 |
| TOTAL SHARES & DEPOSITS | 360,542,990 |
| TOTAL LIABILITIES | 362,444,918 |
| Regular Reserve | 1,580,557 |
| Other Reserves | 4,951,485 |
| Undivided Earnings | 37,871,487 |
| TOTAL EQUITY | 44,403,529 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 406,848,447 |
| INCOME & EXPENSE | |
| Loan Income | 3,463,596 |
| Investment Income | 4,879,156 |
| Other Income | 2,272,053 |
| Total Employee Compensation & Benefits | 3,125,555 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,352,405 |
| Non-operating Income & (Expense) | -2,653 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 88,021 |
| Cost of Funds | 3,324,263 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 721,908 |
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