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 |
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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 |
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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 |
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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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