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Overview / Commentary
812 Charleston Ave
Mattoon, IL 61938

Area Educational Credit Union is headquartered in MATTOON and is the 99th largest credit union in the state of Illinois. It is also the 3,178th largest credit union in the nation. It was established in 1960 and as of March of 2017, it had grown to 3 employees and 2,667 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 - YTD0.86%
Return on Equity - YTD3.9%
Annual Interest Income$134.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$25.0MM$24.5MM
LoansQ1 2017vs Q1 2016$6.1MM$6.1MM
DepositsQ1 2017vs Q1 2016$19.5MM$19.1MM
Equity CapitalQ1 2017vs Q1 2016$5.4MM$5.3MM
Loan Loss AllowanceQ1 2017vs Q1 2016$47.00K$39.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$80.00K$81.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
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Area Educational Credit Union Savings Account Rates

0.50%--Traditional IRA Savings
0.50%--Roth IRA Savings
0.50%--Coverdell Education Accounts
0.25%--Christmas Club

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