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AEROSPACE FEDERAL CREDIT UNION

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.


ABA Routing Number: 322070789
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

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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