Dec, 31, 2020 — SEA AIR FEDERAL CREDIT UNION is a federal credit union headquartered in Seal Beach, CA with 3 branch locations and about $138.54 million in total assets. Opened 69 years ago in 1952, SEA AIR FEDERAL CREDIT UNION has about 6,689 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SEA AIR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 2648 Seal Beach, CA 90740 |
| Phone: | (888) 732-2471 |
| Fax: | (562) 430-3921 |
| Website: | http://www.seaairfcu.org |
| Branches: | 3 branch locations |
| Members: | 6,689 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7817 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $138,542,928 |
| CEO/Manager: | Michael G Pardon |
| Chairperson: | Paul D Pudenz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,207,829 |
| TOTAL INVESTMENTS | 91,401,471 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,089,721 |
| Unsecured Loans | 3,026,938 |
| Other Loans | 14,636,248 |
| TOTAL LOANS | 28,752,907 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -304,000 |
| Land And Building | 0 |
| Other Fixed Assets | 197,253 |
| NCUSIF Deposit | 979,501 |
| All Other Assets | 7,307,967 |
| TOTAL ASSETS | 138,542,928 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 209 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 683,183 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,694,275 |
| Regular shares | 41,763,387 |
| All Other Shares & Deposits | 53,763,809 |
| TOTAL SHARES & DEPOSITS | 105,221,471 |
| TOTAL LIABILITIES | 105,904,863 |
| Regular Reserve | 11,628,381 |
| Other Reserves | 361,520 |
| Undivided Earnings | 20,648,164 |
| TOTAL EQUITY | 32,638,065 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 138,542,928 |
| INCOME & EXPENSE | |
| Loan Income | 1,556,824 |
| Investment Income | 1,989,980 |
| Other Income | 449,719 |
| Total Employee Compensation & Benefits | 1,682,969 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,696,804 |
| Non-operating Income & (Expense) | -10,421 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 189,255 |
| Cost of Funds | 782,383 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -365,309 |
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