Dec, 31, 2023 — BOEING EMPLOYEES CREDIT UNION (BECU) is a federally insured state chartered credit union headquartered in TUKWILA, WA with 62 branch locations and about $29.87 billion in total assets. Opened 89 years ago in 1935, BOEING EMPLOYEES CREDIT UNION (BECU) has more than 1.5 million members and employs 3,153 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BOEING EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 12770 Gateway Dr S TUKWILA, WA 98168 |
| Phone: | (800) 233-2328 |
| Fax: | (206) 214-1684 |
| Website: | https://www.becu.org |
| Branches: | 62 branch locations |
| Members: | 1,457,207 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62604 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $29,871,889,354 |
| CEO/Manager: | Beverly Anderson |
| Chairperson: | Debra Somberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,070,441,125 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 16,043,774 |
| Real Estate Loans | 12,380,841,434 |
| Unsecured Loans | 2,349,136,159 |
| Other Loans | 3,887,904,600 |
| TOTAL LOANS | 18,618,005,534 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -224,354,778 |
| Land And Building | 68,259,600 |
| Other Fixed Assets | 83,120,264 |
| NCUSIF Deposit | 232,491,662 |
| All Other Assets | 1,901,964 |
| TOTAL ASSETS | 29,871,889,354 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15,573,270 |
| Notes & Interest Payable | 2,486,515,878 |
| Accounts Payable & Other Liabilities | 285,118,242 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,694,219,157 |
| Regular shares | 9,434,304,054 |
| All Other Shares & Deposits | 8,662,786,928 |
| TOTAL SHARES & DEPOSITS | 24,791,310,138 |
| TOTAL LIABILITIES | 27,579,166,184 |
| Regular Reserve | 0 |
| Other Reserves | -949,924,101 |
| Undivided Earnings | 3,242,647,271 |
| TOTAL EQUITY | 2,292,723,170 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,871,889,354 |
| INCOME & EXPENSE | |
| Loan Income | 934,557,773 |
| Investment Income | 373,848,926 |
| Other Income | 28,694,175 |
| Total Employee Compensation & Benefits | 451,500,398 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 414,189,591 |
| Non-operating Income & (Expense) | -56,836,823 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 151,765,674 |
| Cost of Funds | 342,978,348 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 211,302,259 |
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