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About Us

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 2016, AFCU membership was represented by $379.5 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.

2017 List of Officials

Board of Directors
Charlotte M. Lazar-Morrison, Chair
Susan J. Adams, Vice Chair
James W. Ford, Treasurer
Tammy L. Choy, Secretary
David A. Christopher
Lauren P. Kim
Kien T. Le
Joe M. Straus

Supervisory Committee
Mark H. Goodman, Supervisory Committee Chair
Steven M. Leontis
Anthony T. Steir
Christopher P. Woods
Terrence S. Yeoh

Advisory Committee
Brenda E. Eichel
Mary H. Moy
Lesli K. Otake
Maraea M. Weinberg

Senior Management
Marvin L. Thomas, President and CEO
Cynthia R. Chafe, Vice President, Compliance
Lani L. Lee, Finance Director
Gregory S. Moran, Vice President, I.T.
Jeri L. Smith, Vice President, Member Service

Recording Secretary
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.

2017 spring communicator

2017 AFCU Calendar

2017 calendar

Annual Reports

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.

2016 Annual Report

To view and print a copy of the credit union’s annual report click below.