Area Educational Credit Union is headquartered in MATTOON and is the 98th largest credit union in the state of Illinois. It is also the 3,086th largest credit union in the nation. It was established in 1960 and as of March of 2019, it had grown to 4 employees and 2,479 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.
See current membership details
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62500 |
| Year Chartered | 1960 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.81% |
| Return on Equity - YTD | 3.63% |
| Annual Interest Income | $184.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $25.6MM$25.7MM |
| Loans | Q1 2019vs Q1 2018 | $8.1MM$6.9MM |
| Deposits | Q1 2019vs Q1 2018 | $19.9MM$20.1MM |
| Equity Capital | Q1 2019vs Q1 2018 | $5.6MM$5.5MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $77.00K$40.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $99.00K$73.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $0$0 |
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Area Educational Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.75% | - | - | Traditional IRA Savings | |
| 0.75% | - | - | Roth IRA Savings | |
| 0.75% | - | - | Coverdell Education Accounts | |
| 0.50% | $5 | - | Shares | |
| 0.50% | - | - | Christmas Club |
| Area Educational Credit Union Locations | ||
|---|---|---|
| Branch Office | 812 CHARLESTON AVE | MATTOON, IL 61938 |