Dec, 31, 2021 — AMERICAN AIRLINES FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WORTH, TX with 45 branch locations and about $9.20 billion in total assets. Opened 40 years ago in 1982, AMERICAN AIRLINES FEDERAL CREDIT UNION has about 320,277 members and employs 708 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMERICAN AIRLINES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 14050 FAA Blvd FORT WORTH, TX 76155 |
| Phone: | (800) 533-0035 |
| Fax: | |
| Website: | http://www.aacreditunion.org |
| Branches: | 45 branch locations |
| Members: | 320,277 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23957 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1982 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $9,203,588,231 |
| CEO/Manager: | Gail Enda |
| Chairperson: | Beverly Goulet |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 613,416,680 |
| TOTAL INVESTMENTS | 3,800,618,515 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,161,400,249 |
| Unsecured Loans | 406,445,610 |
| Other Loans | 1,065,424,271 |
| TOTAL LOANS | 4,633,270,130 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,689,536 |
| Land And Building | 56,213,853 |
| Other Fixed Assets | 12,916,086 |
| NCUSIF Deposit | 71,144,564 |
| All Other Assets | 46,697,939 |
| TOTAL ASSETS | 9,203,588,231 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,390,444 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 35,679,576 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 708,154,558 |
| Regular shares | 5,192,369,570 |
| All Other Shares & Deposits | 2,441,000,778 |
| TOTAL SHARES & DEPOSITS | 8,341,524,906 |
| TOTAL LIABILITIES | 8,380,594,926 |
| Regular Reserve | 61,769,233 |
| Other Reserves | -19,962,458 |
| Undivided Earnings | 781,186,530 |
| TOTAL EQUITY | 822,993,305 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,203,588,231 |
| INCOME & EXPENSE | |
| Loan Income | 163,992,476 |
| Investment Income | 17,371,446 |
| Other Income | 21,339,045 |
| Total Employee Compensation & Benefits | 59,781,439 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 58,859,328 |
| Non-operating Income & (Expense) | 61,376 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,861,582 |
| Cost of Funds | 53,280,396 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 54,102,753 |
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