Overview / Commentary
A.A.E.C. Credit Union is headquartered in Arlington Heights and is the 59th largest credit union in the state of Illinois. It is also the 1,839th largest credit union in the nation. It was established in 1955 and as of December of 2019, it had grown to 7 employees and 3,922 members at 1 location. A.A.E.C. Credit Union's savings rates are 15% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
AAEC Credit Union is available to all of the employees, and their family members, of school districts 21, 23, 25, 26, 57, 59, 214, NSSEO, and Harper College, but initiating your membership status will entail that you complete a signature card and a make a savings deposit of $25.
See current membership details
Health
B+
Data as of Q4 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. A.A.E.C. Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 60648 |
| Year Chartered | 1955 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.13% |
| Return on Equity - YTD | 8.67% |
| Annual Interest Income | $2.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $80.3MM$81.9MM |
| Loans | Q4 2019vs Q4 2018 | $32.7MM$27.7MM |
| Deposits | Q4 2019vs Q4 2018 | $69.3MM$71.9MM |
| Equity Capital | Q4 2019vs Q4 2018 | $10.4MM$9.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $496.00K$542.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $78.00K$107.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |