Dec, 31, 2023 — SEA AIR FEDERAL CREDIT UNION is a federal credit union headquartered in SEAL BEACH, CA with 3 branch locations and about $124.90 million in total assets. Opened 72 years ago in 1952, SEA AIR FEDERAL CREDIT UNION has about 6,262 members and employs 17 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 |
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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: | 6,262 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7817 |
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Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $124,902,947 |
CEO/Manager: | Michael G Pardon |
Chairperson: | Lawrence Jorgenson |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,876,884 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,461,628 |
Unsecured Loans | 2,778,468 |
Other Loans | 28,054,407 |
TOTAL LOANS | 46,294,503 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -206,323 |
Land And Building | 0 |
Other Fixed Assets | 104,098 |
NCUSIF Deposit | 965,247 |
All Other Assets | 101,500 |
TOTAL ASSETS | 124,902,947 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,192 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 898,038 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,722,921 |
Regular shares | 33,873,340 |
All Other Shares & Deposits | 52,629,677 |
TOTAL SHARES & DEPOSITS | 95,225,938 |
TOTAL LIABILITIES | 96,128,168 |
Regular Reserve | 0 |
Other Reserves | 9,944,136 |
Undivided Earnings | 18,830,643 |
TOTAL EQUITY | 28,774,779 |
TOTAL LIABILITIES, SHARES, & EQUITY | 124,902,947 |
INCOME & EXPENSE | |
Loan Income | 1,921,816 |
Investment Income | 1,351,319 |
Other Income | 157,815 |
Total Employee Compensation & Benefits | 1,732,260 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,718,519 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -30,264 |
Cost of Funds | 1,158,763 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -818,109 |
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