Dec, 31, 2022 — BOEING EMPLOYEES CREDIT UNION (BECU) is a federally insured state chartered credit union headquartered in TUKWILA, WA with 60 branch locations and about $29.16 billion in total assets. Opened 88 years ago in 1935, BOEING EMPLOYEES CREDIT UNION (BECU) has more than 1.4 million members and employs 2,737 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BOEING EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 12770 Gateway Dr S TUKWILA, WA 98168 |
| Phone: | (800) 233-2328 |
| Fax: | (206) 214-1684 |
| Website: | https://www.becu.org |
| Branches: | 60 branch locations |
| Members: | 1,371,511 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62604 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $29,162,216,216 |
| CEO/Manager: | Benson Porter |
| Chairperson: | Debra Somberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,009,647,665 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 16,760,713 |
| Real Estate Loans | 10,670,432,521 |
| Unsecured Loans | 1,784,006,563 |
| Other Loans | 3,319,645,594 |
| TOTAL LOANS | 15,774,116,905 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -112,486,611 |
| Land And Building | 87,969,840 |
| Other Fixed Assets | 76,502,508 |
| NCUSIF Deposit | 240,407,449 |
| All Other Assets | 891,367 |
| TOTAL ASSETS | 29,162,216,216 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,849,500 |
| Notes & Interest Payable | 714,158,812 |
| Accounts Payable & Other Liabilities | 288,841,132 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,632,841,542 |
| Regular shares | 11,698,906,371 |
| All Other Shares & Deposits | 6,994,694,769 |
| TOTAL SHARES & DEPOSITS | 26,326,442,682 |
| TOTAL LIABILITIES | 27,332,292,126 |
| Regular Reserve | 0 |
| Other Reserves | -1,143,633,152 |
| Undivided Earnings | 2,973,557,242 |
| TOTAL EQUITY | 1,829,924,090 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,162,216,216 |
| INCOME & EXPENSE | |
| Loan Income | 431,449,772 |
| Investment Income | 145,533,761 |
| Other Income | 34,331,435 |
| Total Employee Compensation & Benefits | 286,168,863 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 255,596,245 |
| Non-operating Income & (Expense) | 102,426,708 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,151,704 |
| Cost of Funds | 41,968,942 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,378,903 |
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