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Air Academy Credit Union

Overview
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Air Academy Credit Union is a federal credit union based in Colorado Spring, Colorado. It has been opened since 1955, for 65 years.

With around $603,260,000 in assets, Air Academy Credit Union is considered to be a very large credit union. It has 8 branches and 8 ATM locations.

About
Address Po Box 62910
Colorado Spring, Colorado 80962
Website http://www.aafcu.com
Phone (719) 593-8600
CEO Glenn L. Strebe
President of the Board Donald Bird
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
48,704 members
Membership type: Multiple common bond – primary military
Above average number of members
345:1
Credit union member to staff ratio
345 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$603,260,196
Total assets
Above average
8 branches
Compared with an average of 4 nationally and 4 in Colorado
Above average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
Branches
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8 branches
Compared with an average of 4 nationally and 4 in Colorado
Above average number of branches
Air Academy Credit Union Branch Locations

Air Academy Credit Union: Monument
417 3rd Street
Monument, Colorado 80132
ATM Available
Air Academy Credit Union: Cordera
9810 North Union Boulevard
Colorado Springs, Colorado 80924
ATM Available
Air Academy Credit Union: Afa Branch
5136 Community Center Drive
Usaf Academy, Colorado 80840
ATM Available
Air Academy Credit Union: Castle Rock
714 S. Perry Street
Unit D.
Castle Rock, Colorado 80104
ATM Available
Air Academy Credit Union: Cheyenne Mountain
1910 Southgate Road
Colorado Springs, Colorado 80906
ATM Available
Air Academy Credit Union: Garden Ranch
4920 North Union Boulevard
Colorado Springs, Colorado 80918
ATM Available
Air Academy Credit Union: Parker
10841 Crossroads Drive
Suite 7
Parker, Colorado 80134
ATM Available
Air Academy Credit Union: Highlands Ranch
545 W. Highlands Ranch Parkway
Building 4
Highlands Ranch, Colorado 80129
ATM Available
Members
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48,704 members
Membership type: Multiple common bond – primary military
Above average number of members

With 48,704 members, the Air Academy Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 91% of credit unions.

Fees
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$55
Average fee per member
The average fee per member at the Air Academy Credit Union is $55, which is comparable to most credit unions. This rate is lower than 45% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Air Academy Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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345:1
Credit union member to staff ratio
345 per each FTE employee
Compared to 411:1 nationally
Average number of staff
141 staff members
FTE (full-time equivalent)
12% of employees are part-time
132 full-time, 18 part-time

Air Academy Credit Union has 132 full-time staff members and 18 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 88% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Air Academy Credit Union has around 345 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$603,260,196
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
8.8%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$23,265
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 94% of credit unions.

Air Academy Credit Union holds a total of $536,020,000 in loans and leases, which is about $23,265 per member on average.

Savings interest rate
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0.05%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Air Academy Credit Union pays 0.05%.

Loan rates
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8.72%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.35%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.60%
New car loan rate
Compared to 4.0% nationally
5.60%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.33%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.54%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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