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Overview / Commentary
18301 N 79th Ave Bldg A-100
Glendale, AZ 85308

Aero Credit Union is headquartered in Glendale and is the 14st largest credit union in the state of Arizona. It is also the 891st largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 44 employees and 15,802 members. Aero Credit Union has a A+ health rating.

Field of Membership Restrictions

The first step in becoming a member of AERO Federal Credit Union is to determine if you are eligible to join. The membership page lists all of the companies currently in AERO's field of membership. If you are employed by any of these institutions, you are automatically eligible to become a member. You may also join AERO's membership if you have a relative who is currently a member. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Aero Credit Union had $57,000 in non-current loans and owned real-estate with $33.51 million in equity and loan loss allowances on hand to cover it. This gives Aero Credit Union a Texas Ratio of 0.17% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Aero Credit Union decreased dramatically from 0.89% as of March 31, 2013 to 0.17% as of March 31, 2014, resulting in a positive change of 80.91%.This indicates that the balance sheet and financial strength for Aero Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Aero Credit Union has increased its total deposits by $7.96 million, resulting in 4.64% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Aero Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Aero Credit Union has $214.72 million in assets with $33.51 million in equity, resulting in a capitalization level of 15.61%, which is excellent.

Institution Statistics

NCUA #12164
Year Chartered1958
Primary Regulator
Assets and Liabilities
Assets$214.72 million
Loans$87.51 million
Deposits$179.56 million
Equity Capital$32.91 million
Loan Loss Allowance$605,000
Unbacked Noncurrent Loans$57,000
Real Estate Owned$0
Historic Data - March 2013
Assets$205.56 million
Equity Capital$32.48 million
Loan Loss Allowance$1.19 million
Unbacked Noncurrent Loans$57,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.97%
Return on Assets0.37%
Return on Equity2.38%
Interest Income$1.19 million

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Aero Credit Union Savings Account Rates

0.25%--IRA Savings Account
0.25%--Roth IRA Savings Account
0.10%--Savings Account

Aero Credit Union Money Market Rates

0.25%$100k-Money Market Savings Account

Aero Credit Union Checking Account Rates

0.05%--Checking Account

Aero Credit Union CD Rates

1.11%$100k-5 Year Jumbo Certificate
1.00%$1k-5 Year Share Certificate
0.60%$100k-3 Year Jumbo Certificate
0.50%$1k-3 Year Share Certificate
0.50%$100k-2 Year Jumbo Certificate
0.40%$1k-2 Year Share Certificate
0.30%$100k-1 Year Jumbo Certificate
0.25%$100k-6 Month Jumbo Certificate
0.20%$1k-1 Year Share Certificate
0.20%$100k-91 Day Jumbo Certificate
0.15%$1k-6 Month Share Certificate
0.10%$2,500-91 Day Share Certificate

Aero Credit Union Locations
Branch Office18301 N 79th Ave Bldg A-100Glendale, AZ 85308
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