Mar, 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 $28.23 billion in total assets. Opened 86 years ago in 1935, BOEING EMPLOYEES CREDIT UNION (BECU) has more than 1.3 million members and employs 2,561 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: | 1,301,450 |
| 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: | $28,228,439,367 |
| CEO/Manager: | Benson Porter |
| Chairperson: | Susan Ehrlich |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,587,849,660 |
| TOTAL INVESTMENTS | 9,554,638,285 |
| Loans Held for Sale | 60,956,721 |
| Real Estate Loans | 8,150,703,239 |
| Unsecured Loans | 1,489,159,999 |
| Other Loans | 2,901,896,067 |
| TOTAL LOANS | 12,541,759,305 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,983,015 |
| Land And Building | 110,255,095 |
| Other Fixed Assets | 46,371,662 |
| NCUSIF Deposit | 192,765,502 |
| All Other Assets | 256,826,152 |
| TOTAL ASSETS | 28,228,439,367 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,551,763 |
| Notes & Interest Payable | 1,184,848,136 |
| Accounts Payable & Other Liabilities | 473,985,122 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,512,550,396 |
| Regular shares | 10,136,474,563 |
| All Other Shares & Deposits | 7,306,728,540 |
| TOTAL SHARES & DEPOSITS | 23,955,753,499 |
| TOTAL LIABILITIES | 25,616,138,520 |
| Regular Reserve | 120,082,580 |
| Other Reserves | -173,369,778 |
| Undivided Earnings | 2,665,588,045 |
| TOTAL EQUITY | 2,612,300,847 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,228,439,367 |
| INCOME & EXPENSE | |
| Loan Income | 125,634,812 |
| Investment Income | 28,765,785 |
| Other Income | 8,942,850 |
| Total Employee Compensation & Benefits | 82,138,096 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 68,616,984 |
| Non-operating Income & (Expense) | 6,159,862 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -17,303,227 |
| Cost of Funds | 17,103,057 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 81,007,387 |
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