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 988th largest credit union in the nation. It was established in 1958 and as of September of 2020, it had grown to 55 employees and 18,782 members at 11 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 Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 12164 |
| Year Chartered | 1958 |
| Employees | 55 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.15% |
| Return on Equity - YTD | -1.16% |
| Annual Interest Income | $5.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $260.1MM$239.2MM |
| Loans | Q3 2020vs Q3 2019 | $159.9MM$163.7MM |
| Deposits | Q3 2020vs Q3 2019 | $224.2MM$202.6MM |
| Equity Capital | Q3 2020vs Q3 2019 | $34.2MM$34.3MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $842.00K$904.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $134.00K$352.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |
