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Overview / Commentary
217-234-7817
812 Charleston Ave
Mattoon, IL 61938

Area Educational Credit Union is headquartered in MATTOON and is the 98th largest credit union in the state of Illinois. It is also the 3,187th largest credit union in the nation. It was established in 1960 and as of June of 2017, it had grown to 3 employees and 2,635 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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Health
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
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD3.18%
Annual Interest Income$267.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$24.8MM$25.1MM
LoansQ2 2017vs Q2 2016$6.4MM$6.0MM
DepositsQ2 2017vs Q2 2016$19.3MM$19.7MM
Equity CapitalQ2 2017vs Q2 2016$5.5MM$5.4MM
Loan Loss AllowanceQ2 2017vs Q2 2016$48.00K$55.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$84.00K$52.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
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Area Educational Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Traditional IRA Savings
0.50%--Roth IRA Savings
0.50%--Coverdell Education Accounts
0.25%--Shares
0.25%--Christmas Club
Locations


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