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Sea Air Credit Union

Overview
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Sea Air Credit Union is a federal credit union based in Seal Beach, California. It has been opened since 1952, for 68 years.

With around $134,180,000 in assets, Sea Air Credit Union is considered to be a large credit union. It has 3 branches and 1 ATM locations.

About
Address Po Box 2648
Seal Beach, California 90740
Website http://www.seaairfcu.org
Phone (888) 732-2471
Fax (562) 430-3921
CEO Michael G. Pardon
President of the Board Paul Pudenz
Services Offered
Map
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Score Card
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68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
7,094 members
Membership type: Multiple common bond – primary military
Above average number of members
355:1
Credit union member to staff ratio
355 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$134,182,372
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 5 in California
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
12.65%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 5 in California
Above average number of branches
Sea Air Credit Union Branch Locations

Sea Air Credit Union: Corona
1999 4th Street Building 502
Norco, California 92860
No ATM
Sea Air Credit Union: Los Alamitos
11210 Lexington Drive Building 242
Los Alamitos, California 90720
ATM Available
Sea Air Credit Union: Seal Beach
800 Seal Beach Boulevard Building 12
Seal Beach, California 90740
No ATM
Members
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7,094 members
Membership type: Multiple common bond – primary military
Above average number of members

With 7,094 members, the Sea Air Credit Union is considered to be a large credit union. It is larger than 64% of credit unions.

Fees
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$34
Average fee per member
The average fee per member at the Sea Air Credit Union is $34, which is low compared to most credit unions. This rate is lower than 62% of all credit unions.
Fees are lower than 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 Sea Air Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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355:1
Credit union member to staff ratio
355 per each FTE employee
Compared to 411:1 nationally
Average number of staff
20 staff members
FTE (full-time equivalent)
18% of employees are part-time
18 full-time, 4 part-time

Sea Air Credit Union has 18 full-time staff members and 4 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 82% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Sea Air Credit Union has around 355 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$134,182,372
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.
24.3%
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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$14,047
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 76% of credit unions.

Sea Air Credit Union holds a total of $37,890,000 in loans and leases, which is about $14,047 per member on average.

Savings interest rate
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0.10%
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. Sea Air Credit Union pays 0.10%.

Loan rates
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12.65%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
14.68%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.72%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.75%
New car loan rate
Compared to 4.0% nationally
5.35%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.92%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.04%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally