Overview / Commentary
AERO Federal Credit Union is headquartered in Glendale and is the 16th largest credit union in the state of Arizona. It is also the 1,006th largest credit union in the nation. It was established in 1958 and as of June of 2021, it had grown to 50 employees and 18,628 members at 9 locations. AERO Federal Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership is open to select areas of Phoenix, Glendale, Scottsdale, Tempe, and Mesa in Arizona. Membership is also open to members of the credit union's select employer group.
See current membership details
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Health
A+
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 12164 |
| Year Chartered | 1958 |
| Employees | 50 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.6% |
| Return on Equity - YTD | 4.74% |
| Annual Interest Income | $3.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $280.6MM$262.1MM |
| Loans | Q2 2021vs Q2 2020 | $177.3MM$161.6MM |
| Deposits | Q2 2021vs Q2 2020 | $243.7MM$225.7MM |
| Equity Capital | Q2 2021vs Q2 2020 | $35.1MM$34.2MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $1.1MM$978.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $45.00K$292.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |