Sep, 30, 2021 — BOEING EMPLOYEES CREDIT UNION (BECU) is a federally insured state chartered credit union headquartered in TUKWILA, WA with 60 branch locations and about $29.57 billion in total assets. Opened 87 years ago in 1935, BOEING EMPLOYEES CREDIT UNION (BECU) has more than 1.3 million members and employs 2,564 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: | 1,324,063 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $29,565,595,826 |
| CEO/Manager: | Benson Porter |
| Chairperson: | Debra Somberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,124,021,749 |
| TOTAL INVESTMENTS | 10,210,315,280 |
| Loans Held for Sale | 47,238,628 |
| Real Estate Loans | 8,317,563,489 |
| Unsecured Loans | 1,432,266,992 |
| Other Loans | 2,947,731,635 |
| TOTAL LOANS | 12,697,599,300 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -108,171,333 |
| Land And Building | 107,968,855 |
| Other Fixed Assets | 41,581,141 |
| NCUSIF Deposit | 209,858,431 |
| All Other Assets | 235,183,775 |
| TOTAL ASSETS | 29,565,595,826 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,237,845 |
| Notes & Interest Payable | 1,178,193,179 |
| Accounts Payable & Other Liabilities | 375,391,964 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,029,726,599 |
| Regular shares | 10,878,493,681 |
| All Other Shares & Deposits | 7,309,726,090 |
| TOTAL SHARES & DEPOSITS | 25,217,946,370 |
| TOTAL LIABILITIES | 26,772,769,358 |
| Regular Reserve | 120,082,580 |
| Other Reserves | -129,503,566 |
| Undivided Earnings | 2,802,247,454 |
| TOTAL EQUITY | 2,792,826,468 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,565,595,826 |
| INCOME & EXPENSE | |
| Loan Income | 372,744,207 |
| Investment Income | 95,952,728 |
| Other Income | 29,097,513 |
| Total Employee Compensation & Benefits | 246,430,692 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 213,974,547 |
| Non-operating Income & (Expense) | 5,493,909 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -22,329,907 |
| Cost of Funds | 46,053,760 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 217,666,800 |
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