Jun, 30, 2023 — ALASKA AIR GROUP FEDERAL CREDIT UNION is a federal credit union headquartered in SEATAC, WA with 2 branch locations and about $105.09 million in total assets. Opened 71 years ago in 1952, ALASKA AIR GROUP FEDERAL CREDIT UNION has about 6,983 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALASKA AIR GROUP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2800 S 192nd St Ste 106 SEATAC, WA 98188-5164 |
| Phone: | (206) 824-9800 |
| Fax: | (206) 824-1421 |
| Website: | https://www.aagcu.org |
| Branches: | 2 branch locations |
| Members: | 6,983 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8100 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $105,091,185 |
| CEO/Manager: | Dan Hein |
| Chairperson: | Mylene Fritz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 41,214,555 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,529,918 |
| Unsecured Loans | 2,938,870 |
| Other Loans | 26,523,513 |
| TOTAL LOANS | 45,992,301 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -233,275 |
| Land And Building | 0 |
| Other Fixed Assets | 150,245 |
| NCUSIF Deposit | 855,480 |
| All Other Assets | 0 |
| TOTAL ASSETS | 105,091,185 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,238 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 910,350 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,774,706 |
| Regular shares | 67,683,305 |
| All Other Shares & Deposits | 6,594,757 |
| TOTAL SHARES & DEPOSITS | 91,052,768 |
| TOTAL LIABILITIES | 91,977,356 |
| Regular Reserve | 0 |
| Other Reserves | 1,150,570 |
| Undivided Earnings | 11,963,259 |
| TOTAL EQUITY | 13,113,829 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 105,091,185 |
| INCOME & EXPENSE | |
| Loan Income | 1,390,652 |
| Investment Income | 422,665 |
| Other Income | 88,038 |
| Total Employee Compensation & Benefits | 886,629 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 869,868 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -24,000 |
| Cost of Funds | 159,249 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 356,519 |
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