Area Educational Credit Union

Overview / Commentary
812 Charleston Ave
Mattoon, IL 61938

Area Educational Credit Union is headquartered in MATTOON and is the 97th largest credit union in the state of Illinois. It is also the 3,083rd largest credit union in the nation. It was established in 1960 and as of December of 2019, it had grown to 4 employees and 2,442 members at 1 location. Area Educational Credit Union has a B+ health rating.

Field of Membership Restrictions

Area Educational CU is open to employees of the following Illinois School Districts and learning institutions: Arthur-Lovington, Charleston, Neoga, Oakland, Lake Land College, Martinsville, Mattoon, Windsor, Regional Office of Education, Shelbyville, Sullivan, Cumberland, EIASE, and Kansas, along with the family members of current CU members.
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Additional 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. Area Educational Credit Union has a low asset base.

Health Grade Components

NCUA #62500
Year Chartered1960
Primary Regulator
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD2.59%
Annual Interest Income$751.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$25.0MM$25.1MM
LoansQ4 2019vs Q4 2018$9.7MM$7.9MM
DepositsQ4 2019vs Q4 2018$19.3MM$19.5MM
Equity CapitalQ4 2019vs Q4 2018$5.7MM$5.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$99.00K$69.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$87.00K$155.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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Area Educational Credit Union Savings Account Rates

0.75%--Traditional IRA Savings
0.75%--Roth IRA Savings
0.75%--Coverdell Education Accounts
0.50%--Christmas Club

Area Educational Credit Union Locations
Branch Office812 CHARLESTON AVEMATTOON, IL 61938

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