Jun, 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 $28.64 billion in total assets. Opened 86 years ago in 1935, BOEING EMPLOYEES CREDIT UNION (BECU) has more than 1.3 million members and employs 2,598 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: | 1,319,065 |
| 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: | $28,643,913,221 |
| CEO/Manager: | Benson Porter |
| Chairperson: | Debra Somberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,738,657,538 |
| TOTAL INVESTMENTS | 9,921,796,127 |
| Loans Held for Sale | 80,631,083 |
| Real Estate Loans | 8,038,392,622 |
| Unsecured Loans | 1,466,240,703 |
| Other Loans | 2,890,066,667 |
| TOTAL LOANS | 12,394,738,550 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -107,658,402 |
| Land And Building | 109,067,267 |
| Other Fixed Assets | 43,554,694 |
| NCUSIF Deposit | 209,858,431 |
| All Other Assets | 253,267,933 |
| TOTAL ASSETS | 28,643,913,221 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,233,697 |
| Notes & Interest Payable | 1,181,407,128 |
| Accounts Payable & Other Liabilities | 228,962,557 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,708,747,484 |
| Regular shares | 10,489,208,320 |
| All Other Shares & Deposits | 7,256,362,037 |
| TOTAL SHARES & DEPOSITS | 24,454,317,841 |
| TOTAL LIABILITIES | 25,865,921,223 |
| Regular Reserve | 120,082,580 |
| Other Reserves | -73,598,849 |
| Undivided Earnings | 2,731,508,267 |
| TOTAL EQUITY | 2,777,991,998 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,643,913,221 |
| INCOME & EXPENSE | |
| Loan Income | 247,962,448 |
| Investment Income | 62,247,843 |
| Other Income | 18,365,378 |
| Total Employee Compensation & Benefits | 161,141,152 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 135,790,387 |
| Non-operating Income & (Expense) | 5,131,239 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -27,802,415 |
| Cost of Funds | 31,766,259 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 146,927,612 |
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