Area Educational Credit Union

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Overview / Commentary

www.aecu.coop

217-234-7817

812 Charleston Ave
Mattoon, IL 61938

Area Educational Credit Union is headquartered in MATTOON and is the 98^th largest credit union in the state of Illinois. It is also the 3,165^th largest credit union in the nation. It was established in 1960 and as of June of 2016, it had grown to 3 employees and 2,717 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

B+

Data as of Q2 2016

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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

Overall
NCUA #	62500
Year Chartered	1960
Employees	3
Primary Regulator

Profit Margin
Return on Assets - YTD	0.51%
Return on Equity - YTD	2.35%
Annual Interest Income	$253.00K

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$25.1MM$24.2MM
Loans	Q2 2016vs Q2 2015	$6.0MM$6.2MM
Deposits	Q2 2016vs Q2 2015	$19.7MM$18.9MM
Equity Capital	Q2 2016vs Q2 2015	$5.4MM$5.2MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$55.00K$67.00K
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$52.00K$141.00K
Real Estate Owned	Q2 2016vs Q2 2015	$0$0

Rates

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Area Educational Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%	-	-	IRA Savings Account
0.40%	-	-	Roth IRA Savings Account
0.40%	-	-	CESA Savings Account
0.20%	-	-	Share Savings Account
0.20%	-	-	Christmas Club

Locations

Area Educational Credit Union Locations
Branch Office	812 CHARLESTON AVE	MATTOON, IL 61938