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AEROSPACE FEDERAL CREDIT UNION

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.


ABA Routing Number: 322070789
Name:AEROSPACE FEDERAL CREDIT UNION
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
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

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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