Mar, 31, 2022 — BOEING EMPLOYEES CREDIT UNION (BECU) is a federally insured state chartered credit union headquartered in TUKWILA, WA with 60 branch locations and about $30.44 billion in total assets. Opened 87 years ago in 1935, BOEING EMPLOYEES CREDIT UNION (BECU) has more than 1.4 million members and employs 2,632 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: | 1,358,591 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $30,443,892,046 |
| CEO/Manager: | Benson Porter |
| Chairperson: | Debra Somberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,070,415,514 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 23,307,751 |
| Real Estate Loans | 9,681,946,624 |
| Unsecured Loans | 1,572,775,145 |
| Other Loans | 3,050,568,856 |
| TOTAL LOANS | 14,305,324,990 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -103,074,409 |
| Land And Building | 89,781,503 |
| Other Fixed Assets | 70,615,365 |
| NCUSIF Deposit | 226,336,761 |
| All Other Assets | 458,813 |
| TOTAL ASSETS | 30,443,892,046 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 851,900 |
| Notes & Interest Payable | 1,072,175,996 |
| Accounts Payable & Other Liabilities | 256,577,741 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,656,778,037 |
| Regular shares | 11,768,321,057 |
| All Other Shares & Deposits | 7,320,001,837 |
| TOTAL SHARES & DEPOSITS | 26,745,100,931 |
| TOTAL LIABILITIES | 28,074,706,568 |
| Regular Reserve | 0 |
| Other Reserves | -593,564,445 |
| Undivided Earnings | 2,962,749,923 |
| TOTAL EQUITY | 2,369,185,478 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,443,892,046 |
| INCOME & EXPENSE | |
| Loan Income | 128,600,116 |
| Investment Income | 35,653,304 |
| Other Income | 10,697,957 |
| Total Employee Compensation & Benefits | 92,439,061 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 80,757,498 |
| Non-operating Income & (Expense) | 17,179,007 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,038,249 |
| Cost of Funds | 11,170,961 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 571,584 |
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