Dec, 31, 2021 — BOEING EMPLOYEES CREDIT UNION (BECU) is a federally insured state chartered credit union headquartered in TUKWILA, WA with 60 branch locations and about $30.16 billion in total assets. Opened 87 years ago in 1935, BOEING EMPLOYEES CREDIT UNION (BECU) has more than 1.3 million members and employs 2,597 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: | 1,341,092 |
| 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: | $30,156,698,460 |
| CEO/Manager: | Benson Porter |
| Chairperson: | Debra Somberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,839,848,361 |
| TOTAL INVESTMENTS | 10,412,194,103 |
| Loans Held for Sale | 26,838,412 |
| Real Estate Loans | 8,842,264,605 |
| Unsecured Loans | 1,489,901,902 |
| Other Loans | 2,989,422,240 |
| TOTAL LOANS | 13,321,624,533 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -105,806,817 |
| Land And Building | 107,045,604 |
| Other Fixed Assets | 40,975,705 |
| NCUSIF Deposit | 226,336,761 |
| All Other Assets | 287,641,798 |
| TOTAL ASSETS | 30,156,698,460 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,100,286 |
| Notes & Interest Payable | 1,075,184,588 |
| Accounts Payable & Other Liabilities | 225,134,497 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,430,954,830 |
| Regular shares | 11,294,326,782 |
| All Other Shares & Deposits | 7,332,249,416 |
| TOTAL SHARES & DEPOSITS | 26,057,531,028 |
| TOTAL LIABILITIES | 27,358,950,399 |
| Regular Reserve | 120,082,580 |
| Other Reserves | -164,430,278 |
| Undivided Earnings | 2,842,095,759 |
| TOTAL EQUITY | 2,797,748,061 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,156,698,460 |
| INCOME & EXPENSE | |
| Loan Income | 498,639,008 |
| Investment Income | 133,487,289 |
| Other Income | 39,611,476 |
| Total Employee Compensation & Benefits | 335,302,433 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 302,127,979 |
| Non-operating Income & (Expense) | 10,200,641 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -18,122,493 |
| Cost of Funds | 59,489,385 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 257,515,103 |
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