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 99^th largest credit union in the state of Illinois. It is also the 3,178^th 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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Health

B+

Data as of Q1 2017

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 Chartered	1960
Employees	3
Primary Regulator

Profit Margin
Return on Assets - YTD	0.86%
Return on Equity - YTD	3.9%
Annual Interest Income	$134.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$25.0MM$24.5MM
Loans	Q1 2017vs Q1 2016	$6.1MM$6.1MM
Deposits	Q1 2017vs Q1 2016	$19.5MM$19.1MM
Equity Capital	Q1 2017vs Q1 2016	$5.4MM$5.3MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$47.00K$39.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$80.00K$81.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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Area Educational Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
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 Office	812 CHARLESTON AVE	MATTOON, IL 61938