Mar, 31, 2022 — AEROSPACE FEDERAL CREDIT UNION is a federal credit union headquartered in EL SEGUNDO, CA with 3 branch locations and about $409.89 million in total assets. Opened 61 years ago in 1961, AEROSPACE FEDERAL CREDIT UNION has about 10,335 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 |
|---|---|
| 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: | 10,335 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14723 |
|---|---|
| Membership Type: | Military |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $409,894,941 |
| CEO/Manager: | Marvin L Thomas |
| Chairperson: | David Christopher |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,475,710 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 125,000 |
| Real Estate Loans | 69,583,203 |
| Unsecured Loans | 6,204,234 |
| Other Loans | 17,170,541 |
| TOTAL LOANS | 92,957,978 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -110,000 |
| Land And Building | 0 |
| Other Fixed Assets | 2,628,592 |
| NCUSIF Deposit | 3,521,772 |
| All Other Assets | 0 |
| TOTAL ASSETS | 409,894,941 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 2,996,092 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,597,905 |
| Regular shares | 273,913,978 |
| All Other Shares & Deposits | 72,479,473 |
| TOTAL SHARES & DEPOSITS | 376,991,356 |
| TOTAL LIABILITIES | 384,987,448 |
| Regular Reserve | 0 |
| Other Reserves | -15,790,442 |
| Undivided Earnings | 40,697,935 |
| TOTAL EQUITY | 24,907,493 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 409,894,941 |
| INCOME & EXPENSE | |
| Loan Income | 700,308 |
| Investment Income | 1,118,649 |
| Other Income | 30,551 |
| Total Employee Compensation & Benefits | 198,357 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 908,608 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50 |
| Cost of Funds | 286,274 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 746,439 |
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