Dec, 31, 2023 — ALASKA AIR GROUP FEDERAL CREDIT UNION is a federal credit union headquartered in SEATAC, WA with 2 branch locations and about $104.58 million in total assets. Opened 72 years ago in 1952, ALASKA AIR GROUP FEDERAL CREDIT UNION has about 7,674 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: | 7,674 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8100 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $104,581,485 |
| CEO/Manager: | Dan Hein |
| Chairperson: | Mylene Fritz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,925,396 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,153,631 |
| Unsecured Loans | 8,618,684 |
| Other Loans | 30,433,527 |
| TOTAL LOANS | 61,205,843 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -276,801 |
| Land And Building | 0 |
| Other Fixed Assets | 95,747 |
| NCUSIF Deposit | 884,884 |
| All Other Assets | 0 |
| TOTAL ASSETS | 104,581,485 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 204,835 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,010,175 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,918,072 |
| Regular shares | 60,416,242 |
| All Other Shares & Deposits | 12,785,626 |
| TOTAL SHARES & DEPOSITS | 88,119,940 |
| TOTAL LIABILITIES | 89,334,950 |
| Regular Reserve | 0 |
| Other Reserves | 1,077,836 |
| Undivided Earnings | 14,168,699 |
| TOTAL EQUITY | 15,246,535 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 104,581,485 |
| INCOME & EXPENSE | |
| Loan Income | 3,235,904 |
| Investment Income | 1,985,831 |
| Other Income | 143,812 |
| Total Employee Compensation & Benefits | 1,347,884 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,361,145 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 99,186 |
| Cost of Funds | 1,081,694 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,898,146 |
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