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AEROSPACE FEDERAL CREDIT UNION

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.


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:10,335
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

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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