Mar, 31, 2021 — AEROSPACE FEDERAL CREDIT UNION is a federal credit union headquartered in Los Angeles, CA with 1 branch location and about $409.50 million in total assets. Opened 60 years ago in 1961, AEROSPACE FEDERAL CREDIT UNION has about 10,404 members and employs 25 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: | 10,404 |
| 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: | $409,498,194 |
| CEO/Manager: | Marvin L Thomas |
| Chairperson: | Charlotte M Lazar-Morrison |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,788,843 |
| TOTAL INVESTMENTS | 277,558,307 |
| Loans Held for Sale | 1,153,800 |
| Real Estate Loans | 64,268,789 |
| Unsecured Loans | 5,603,077 |
| Other Loans | 16,530,869 |
| TOTAL LOANS | 86,402,735 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -190,000 |
| Land And Building | 0 |
| Other Fixed Assets | 1,101,481 |
| NCUSIF Deposit | 3,323,240 |
| All Other Assets | 15,359,788 |
| TOTAL ASSETS | 409,498,194 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,136,145 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,653,561 |
| Regular shares | 247,975,790 |
| All Other Shares & Deposits | 91,016,691 |
| TOTAL SHARES & DEPOSITS | 365,646,042 |
| TOTAL LIABILITIES | 367,782,187 |
| Regular Reserve | 1,580,557 |
| Other Reserves | 2,045,679 |
| Undivided Earnings | 38,089,771 |
| TOTAL EQUITY | 41,716,007 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 409,498,194 |
| INCOME & EXPENSE | |
| Loan Income | 771,508 |
| Investment Income | 948,739 |
| Other Income | 24,614 |
| Total Employee Compensation & Benefits | 707,388 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 888,545 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -12,129 |
| Cost of Funds | 505,419 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 218,253 |
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