Aerospace Federal Credit Union

Membership in AFCU is open to those having the following common bond:

• Employees of The Aerospace Corporation.
• Military and civil service personnel of the U.S. Government who work at the Los Angeles Air Force Base.
• Persons retired as pensioners or annuitants from the above employment groups.
• Employees of contractors who work at The Aerospace Corporation or at the Los Angeles Air Force Base.
• Employees of this credit union.
• Immediate family and household members of the above referenced groups.
• Spouses of persons who died while within the field of membership of this credit union.

An "immediate family member" is defined as a spouse, child, sibling, parent, grandparent or grandchild whether or not living in the same residence. Also included are step relationships.

"Household members" include individuals living in the same residence and maintaining a single economic unit with a credit union member (certain restrictions apply).

Once an immediate family member or household member joins, then that person's immediate family members are also eligible to join.

Since its charter on November 30, 1961, Aerospace Federal Credit Union has continued its mission to build member confidence and access to unsurpassed service quality and member satisfaction while maintaining a framework of stable, safe and sound management practices to preserve the assets of the Credit Union. AFCU is a financial cooperative, owned and operated for the mutual benefit of its membership.

As of calendar year-end 2009, AFCU membership was represented by $312.8 million in assets and a capital position that ranks favorably among the best of its peers in the credit union industry. The annual audit conducted by the National Credit Union Administration (NCUA) once again resulted in a positive overall rating. This comprehensive supervisory audit examines key financial and management factors and compares the operation of AFCU with NCUA goals and the performance of other federal credit unions.