Dec, 31, 2020 — BOEING EMPLOYEES CREDIT UNION (BECU) is a federally insured state chartered credit union headquartered in TUKWILA, WA with 60 branch locations and about $26.75 billion in total assets. Opened 86 years ago in 1935, BOEING EMPLOYEES CREDIT UNION (BECU) has more than 1.3 million members and employs 2,488 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: | http://www.becu.org |
| Branches: | 60 branch locations |
| Members: | 1,283,946 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $26,751,027,009 |
| CEO/Manager: | Benson Porter |
| Chairperson: | Susan Ehrlich |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,726,646,577 |
| TOTAL INVESTMENTS | 8,479,524,232 |
| Loans Held for Sale | 96,183,425 |
| Real Estate Loans | 8,502,454,570 |
| Unsecured Loans | 1,510,518,865 |
| Other Loans | 2,979,564,013 |
| TOTAL LOANS | 12,992,537,448 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -146,222,264 |
| Land And Building | 111,406,943 |
| Other Fixed Assets | 47,259,794 |
| NCUSIF Deposit | 192,765,502 |
| All Other Assets | 250,925,352 |
| TOTAL ASSETS | 26,751,027,009 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,924,441 |
| Notes & Interest Payable | 1,188,558,941 |
| Accounts Payable & Other Liabilities | 381,956,720 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,083,873,443 |
| Regular shares | 9,273,552,649 |
| All Other Shares & Deposits | 7,114,465,204 |
| TOTAL SHARES & DEPOSITS | 22,471,891,296 |
| TOTAL LIABILITIES | 24,044,331,398 |
| Regular Reserve | 120,082,580 |
| Other Reserves | 2,032,375 |
| Undivided Earnings | 2,584,580,656 |
| TOTAL EQUITY | 2,706,695,611 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,751,027,009 |
| INCOME & EXPENSE | |
| Loan Income | 579,023,433 |
| Investment Income | 140,523,888 |
| Other Income | 238,631,909 |
| Total Employee Compensation & Benefits | 295,377,938 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 304,147,896 |
| Non-operating Income & (Expense) | -12,508,067 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 76,402,840 |
| Cost of Funds | 95,801,376 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 173,941,113 |
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