Jun, 30, 2021 — SEA AIR FEDERAL CREDIT UNION is a federal credit union headquartered in Seal Beach, CA with 3 branch locations and about $142.21 million in total assets. Opened 69 years ago in 1952, SEA AIR FEDERAL CREDIT UNION has about 6,627 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: | 6,627 |
| 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: | $142,207,796 |
| CEO/Manager: | Michael G Pardon |
| Chairperson: | Paul D Pudenz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,981,805 |
| TOTAL INVESTMENTS | 95,376,616 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,901,351 |
| Unsecured Loans | 2,779,490 |
| Other Loans | 13,925,163 |
| TOTAL LOANS | 31,606,004 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -278,000 |
| Land And Building | 0 |
| Other Fixed Assets | 167,270 |
| NCUSIF Deposit | 1,016,437 |
| All Other Assets | 9,337,664 |
| TOTAL ASSETS | 142,207,796 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 168 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 784,087 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,465,828 |
| Regular shares | 43,672,820 |
| All Other Shares & Deposits | 55,018,500 |
| TOTAL SHARES & DEPOSITS | 109,157,148 |
| TOTAL LIABILITIES | 109,941,403 |
| Regular Reserve | 11,628,381 |
| Other Reserves | 107,995 |
| Undivided Earnings | 20,530,017 |
| TOTAL EQUITY | 32,266,393 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 142,207,796 |
| INCOME & EXPENSE | |
| Loan Income | 662,348 |
| Investment Income | 872,597 |
| Other Income | 62,026 |
| Total Employee Compensation & Benefits | 825,088 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 756,443 |
| Non-operating Income & (Expense) | 10,150 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 41,971 |
| Cost of Funds | 245,530 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -118,146 |
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