Sep, 30, 2022 — AIR FORCE FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 8 branch locations and about $610.40 million in total assets. Opened 71 years ago in 1952, AIR FORCE FEDERAL CREDIT UNION has about 51,784 members and employs 136 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AIR FORCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1560 Cable Ranch Rd Ste 200 SAN ANTONIO, TX 78245 |
| Phone: | (210) 673-5610 |
| Fax: | (210) 678-5292 |
| Website: | https://goaffcu.com |
| Branches: | 8 branch locations |
| Members: | 51,784 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8169 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $610,400,295 |
| CEO/Manager: | Ryan J Ross |
| Chairperson: | Sam V Farace |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,748,209 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 182,782,896 |
| Unsecured Loans | 32,759,477 |
| Other Loans | 304,335,557 |
| TOTAL LOANS | 519,877,930 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,568,959 |
| Land And Building | 2,070,975 |
| Other Fixed Assets | 6,921,254 |
| NCUSIF Deposit | 4,838,417 |
| All Other Assets | 261,675 |
| TOTAL ASSETS | 610,400,295 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 75,412 |
| Notes & Interest Payable | 35,000,000 |
| Accounts Payable & Other Liabilities | 10,328,631 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 113,468,281 |
| Regular shares | 186,804,567 |
| All Other Shares & Deposits | 220,409,073 |
| TOTAL SHARES & DEPOSITS | 520,681,921 |
| TOTAL LIABILITIES | 566,085,964 |
| Regular Reserve | 0 |
| Other Reserves | -379,955 |
| Undivided Earnings | 44,694,286 |
| TOTAL EQUITY | 44,314,331 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 610,400,295 |
| INCOME & EXPENSE | |
| Loan Income | 14,779,451 |
| Investment Income | 1,391,591 |
| Other Income | 4,463,843 |
| Total Employee Compensation & Benefits | 6,500,599 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,549,324 |
| Non-operating Income & (Expense) | -35 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,229,238 |
| Cost of Funds | 1,674,066 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,871,874 |
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