A Profile of AFCU
Since its charter on November 30, 1961, Aerospace Federal Credit Union has continued to fulfill its mission - Your Financial Success. AFCU is a financial cooperative, owned and operated for the mutual benefit of its membership.
As of calendar year-end 2023, AFCU membership was represented by $413.8 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.
2024 List of Officials
Board of Directors
David A. Christopher, Chair
Christopher P. Woods, Vice Chair
James W. Ford, Treasurer
Tammy L. Choy, Secretary
Lauren P. Kim
Charlotte M. Lazar-Morrison
Kien T. Le
Steven M. Leontis
Mary H. Moy
Board Member Emeritus
Susan J. Adams
Joe M. Straus
Anthony T. Stier, Supervisory Committee Chair
Brenda E. Eichel
Lauren P. Kim
Lesli K. Otake
Terence S. Yeoh
Marvin L. Thomas, President/CEO
Joseline A. Blalock, Vice President, Mortgage Lending
Gregory S. Moran, Vice President, I.T.
Jeri L. Smith, Vice President, Member Service
Lani L. Young, Finance Director
Ian B. Freshman, Marketing Manager
Erin M. Hicks, Compliance Officer
Gail J. LaCroix
AFCU is guided by an all-member, volunteer Board of Directors. These non-paid volunteers govern Credit Union policy and a professional Management Team oversees daily operations. The Board of Directors establishes and reviews policy that governs AFCU. Our Board is comprised of volunteers, who are elected by the membership.
Every member of the Credit Union has one vote, regardless of how much he or she has on deposit. At the Credit Union, there is no select group of shareholders that profit more than another group. All members benefit – individually and collectively base upon their level of participation in Credit Union products and services.
The Communicator Magazine
The Communicator is our members-only newsletter. It is published on a semi-annual basis and contains valuable information on our products and services, details on special offers, and educational articles about timely financial topics.
Each year, the Board of Directors of Aerospace Federal Credit Union conducts an annual meeting to share AFCU’s highlights and financial performance, made possible by the patronage and support of our members. View the recording of our virtual annual meeting via YouTube here:
To view and print a copy of the credit union’s annual report click below.