Dec, 31, 2021 — AEROSPACE FEDERAL CREDIT UNION is a federal credit union headquartered in EL SEGUNDO, CA with 3 branch locations and about $427.06 million in total assets. Opened 61 years ago in 1961, AEROSPACE FEDERAL CREDIT UNION has about 10,282 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 |
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Address: (Main Office) | 2310 E El Segundo Blvd EL SEGUNDO, CA 90245 |
Phone: | (310) 336-5030 |
Fax: | (310) 336-8212 |
Website: | http://www.aerofcu.org |
Branches: | 3 branch locations |
Members: | 10,282 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14723 |
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Membership Type: | Military |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $427,057,211 |
CEO/Manager: | Marvin L Thomas |
Chairperson: | Charlotte M Lazar-Morrison |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,029,051 |
TOTAL INVESTMENTS | 305,199,679 |
Loans Held for Sale | 161,250 |
Real Estate Loans | 70,607,470 |
Unsecured Loans | 6,372,054 |
Other Loans | 16,815,884 |
TOTAL LOANS | 93,795,408 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -110,000 |
Land And Building | 0 |
Other Fixed Assets | 965,906 |
NCUSIF Deposit | 3,521,772 |
All Other Assets | 13,494,145 |
TOTAL ASSETS | 427,057,211 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 12,000,000 |
Accounts Payable & Other Liabilities | 1,395,580 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 29,106,596 |
Regular shares | 266,474,601 |
All Other Shares & Deposits | 79,349,605 |
TOTAL SHARES & DEPOSITS | 374,930,802 |
TOTAL LIABILITIES | 388,326,382 |
Regular Reserve | 1,580,557 |
Other Reserves | -1,220,666 |
Undivided Earnings | 38,370,938 |
TOTAL EQUITY | 38,730,829 |
TOTAL LIABILITIES, SHARES, & EQUITY | 427,057,211 |
INCOME & EXPENSE | |
Loan Income | 3,018,021 |
Investment Income | 3,888,503 |
Other Income | 130,560 |
Total Employee Compensation & Benefits | 3,029,330 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,627,636 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -77,531 |
Cost of Funds | 1,711,352 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 499,421 |
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