Air Academy Federal Credit Union is headquartered in Colorado Springs and is the 9th largest credit union in the state of Colorado. It is also the 489th largest credit union in the nation. It was established in 1955 and as of March of 2020, it had grown to 140 employees and 49,964 members at 8 locations. Air Academy Federal Credit Union's money market rates are 2X the national average, and it has an A health rating.
Field of Membership Restrictions
Air Academy Federal Credit Union is open to employees, families and students in 10 local school districts, all active and retired military, and more than 200 select businesses.
See current membership details
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Excellent Experience
I have an auto loan through AAFCU and received a promo offer by email for a personal loan. The process was lightning fast, the terms excellent. It was trouble free. I had the funds in 15 minutes. I have never had such a great experience with a banking entity. Dallas was wonderful
Darold Kern At AAFCU Was Extremely Informed And Helpful
We have done several loans through Darold Kern at AAFCU and have always appreciated his professionalism and courtesy. He kept us informed in a timely manner and helped us in looking at several options until we found the best product for our unique situation. His understanding of the loan industry allowed us to get financing for our home when we had been told by other institutions that it wouldn't work. We will happily continue to do business with Darold Kern and AAFCU
Accounts with AAFCU going on 15 years
We have had our checking and savings account with Air Academy for over 15 years now. We have been very happy with the credit union. Our checking and savings account do not have any fees on them. We do have to use their ATM's or we do get charged and they do not refund ATM fees. This isn't a big deal most of the time as we live near a branch but is kind of a headache when traveling. I love Air Academy's online banking as it allows me to do 99% of my banking online. It is very easy to use, very easy to send checks to company's or individuals. I also use their mobile banking application which is great for depositing checks without leaving the house and having to the drive to the branch. Over the years, we have been very happy with Air Academy as we have paid very little, if any fees and any time we go into the branch the staff is very helpful and efficient. I would recommend AAFCU to anyone.
Data as of Q1 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 10600 |
| Year Chartered | 1955 |
| Employees | 140 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.29% |
| Return on Equity - YTD | 3.26% |
| Annual Interest Income | $5.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $652.5MM$588.5MM |
| Loans | Q1 2020vs Q1 2019 | $564.2MM$519.2MM |
| Deposits | Q1 2020vs Q1 2019 | $568.6MM$520.9MM |
| Equity Capital | Q1 2020vs Q1 2019 | $57.4MM$53.9MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $2.2MM$2.2MM |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $968.00K$1.4MM |
| Real Estate Owned | Q1 2020vs Q1 2019 | $372.00K$467.00K |