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Area Educational Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.myaecu.com
217-234-7817
812 Charleston Ave
Mattoon, IL 61938

Area Educational Credit Union is headquartered in MATTOON and is the 86th largest credit union in the state of Illinois. It is also the 2,846th largest credit union in the nation. It was established in 1960 and as of March of 2025, it had grown to 4 employees and 2,348 members at 1 location. Area Educational Credit Union's savings rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Area Educational Credit Union is open to employees of the following Illinois School Districts and learning institutions: Arthur-Lovington, Charleston, Cumberland, ElASE, Kansas, Lake Land College, Martinsville, Mattoon, Neoga, Oakland, Okaw Valley, Regional Office of Education, Shelbyville, Sullivan, Tuscola, and Windsor.
See current membership details

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Health
B+

Data as of Q1 2025

Learn why bank health matters
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

Overall
NCUA #62500
Year Chartered1960
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD1.41%
Return on Equity - YTD6.69%
Annual Interest Income$391K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$31.7MM$30.5MM
LoansQ1 2025vs Q1 2024$13.7MM$13.5MM
DepositsQ1 2025vs Q1 2024$25.2MM$24.2MM
Equity CapitalQ1 2025vs Q1 2024$6.5MM$6.3MM
Loan Loss AllowanceQ1 2025vs Q1 2024$87K$106K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$114K$196K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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Area Educational Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.26%$0-Coverdell Education Accounts
2.01%$5-Shares
2.01%$0-Christmas Club

Area Educational Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.26%$0-Traditional IRA Savings
2.26%$0-Roth IRA Savings
Locations


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

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