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Overview / Commentary
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 3,165th 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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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 - YTD0.51%
Return on Equity - YTD2.35%
Annual Interest Income$253.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$25.1MM$24.2MM
LoansQ2 2016vs Q2 2015$6.0MM$6.2MM
DepositsQ2 2016vs Q2 2015$19.7MM$18.9MM
Equity CapitalQ2 2016vs Q2 2015$5.4MM$5.2MM
Loan Loss AllowanceQ2 2016vs Q2 2015$55.00K$67.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$52.00K$141.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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Area Educational Credit Union Savings Account Rates

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

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