Jun, 30, 2023 — SEA AIR FEDERAL CREDIT UNION is a federal credit union headquartered in SEAL BEACH, CA with 3 branch locations and about $137.03 million in total assets. Opened 71 years ago in 1952, SEA AIR FEDERAL CREDIT UNION has about 6,638 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) | 800 Seal Beach Blvd Bldg 12 SEAL BEACH, CA 90740 |
| Phone: | (888) 732-2471 |
| Fax: | (562) 430-3921 |
| Website: | https://www.seaairfcu.org |
| Branches: | 3 branch locations |
| Members: | 6,638 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $137,028,138 |
| CEO/Manager: | Michael G Pardon |
| Chairperson: | Lawrence Jorgenson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,291,473 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,246,328 |
| Unsecured Loans | 2,525,796 |
| Other Loans | 23,755,405 |
| TOTAL LOANS | 41,527,529 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -252,000 |
| Land And Building | 0 |
| Other Fixed Assets | 156,521 |
| NCUSIF Deposit | 1,051,518 |
| All Other Assets | 0 |
| TOTAL ASSETS | 137,028,138 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,478 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 962,417 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,612,738 |
| Regular shares | 43,422,219 |
| All Other Shares & Deposits | 52,495,847 |
| TOTAL SHARES & DEPOSITS | 106,530,804 |
| TOTAL LIABILITIES | 107,494,699 |
| Regular Reserve | 0 |
| Other Reserves | 9,651,500 |
| Undivided Earnings | 19,881,939 |
| TOTAL EQUITY | 29,533,439 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 137,028,138 |
| INCOME & EXPENSE | |
| Loan Income | 1,035,494 |
| Investment Income | 1,107,966 |
| Other Income | 111,926 |
| Total Employee Compensation & Benefits | 1,284,917 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,353,369 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 62,854 |
| Cost of Funds | 302,506 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -492,659 |
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