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AEROSPACE FEDERAL CREDIT UNION

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.


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:10,404
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

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 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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