Dec, 31, 2023 — AMERICAN AIRLINES FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WORTH, TX with 46 branch locations and about $8.64 billion in total assets. Opened 42 years ago in 1982, AMERICAN AIRLINES FEDERAL CREDIT UNION has about 355,473 members and employs 787 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: | https://www.aacreditunion.org |
| Branches: | 46 branch locations |
| Members: | 355,473 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23957 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1982 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $8,640,577,027 |
| CEO/Manager: | Gail Enda |
| Chairperson: | Pedro Fabregas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 896,623,991 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,642,510,395 |
| Unsecured Loans | 559,421,297 |
| Other Loans | 1,171,787,890 |
| TOTAL LOANS | 5,373,719,581 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,994,105 |
| Land And Building | 52,210,492 |
| Other Fixed Assets | 16,506,693 |
| NCUSIF Deposit | 67,308,622 |
| All Other Assets | 632,888 |
| TOTAL ASSETS | 8,640,577,027 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 16,779,026 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 78,496,531 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 694,990,989 |
| Regular shares | 4,011,118,821 |
| All Other Shares & Deposits | 2,949,390,527 |
| TOTAL SHARES & DEPOSITS | 7,655,500,337 |
| TOTAL LIABILITIES | 7,750,786,466 |
| Regular Reserve | 0 |
| Other Reserves | -73,712,565 |
| Undivided Earnings | 963,503,126 |
| TOTAL EQUITY | 889,790,561 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,640,577,027 |
| INCOME & EXPENSE | |
| Loan Income | 230,620,669 |
| Investment Income | 175,072,056 |
| Other Income | 25,949,005 |
| Total Employee Compensation & Benefits | 69,567,349 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 69,732,765 |
| Non-operating Income & (Expense) | 286,063 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,526,265 |
| Cost of Funds | 244,217,941 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 50,278,872 |
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