Sep, 30, 2025 — A.A.E.C. CREDIT UNION is a federally insured state chartered credit union headquartered in ARLINGTON HEIGHTS, IL with 1 branch location and about $117.07 million in total assets. Opened 71 years ago in 1955, A.A.E.C. CREDIT UNION has about 4,396 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | A.A.E.C. CREDIT UNION |
|---|---|
| Address: (Main Office) | 1104 S Arlington Heights Rd ARLINGTON HEIGHTS, IL 60005-3141 |
| Phone: | (847) 392-1922 |
| Fax: | (847) 392-1926 |
| Website: | https://www.aaeccu.com |
| Branches: | 1 branch locations |
| Members: | 4,396 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60648 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $117,068,634 |
| CEO/Manager: | Rachel Noltner |
| Chairperson: | Kelley Zerfahs |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,850,770 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,560,553 |
| Unsecured Loans | 5,365,194 |
| Other Loans | 10,433,841 |
| TOTAL LOANS | 47,875,745 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -97,556 |
| Land And Building | 932,161 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 901,187 |
| All Other Assets | 0 |
| TOTAL ASSETS | 117,068,634 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 738,251 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,882,481 |
| Regular shares | 58,167,490 |
| All Other Shares & Deposits | 32,443,944 |
| TOTAL SHARES & DEPOSITS | 101,493,915 |
| TOTAL LIABILITIES | 102,232,166 |
| Regular Reserve | 0 |
| Other Reserves | -391,678 |
| Undivided Earnings | 15,228,146 |
| TOTAL EQUITY | 14,836,468 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 117,068,634 |
| INCOME & EXPENSE | |
| Loan Income | 2,138,621 |
| Investment Income | 1,302,637 |
| Other Income | 53,336 |
| Total Employee Compensation & Benefits | 801,465 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 728,850 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,500 |
| Cost of Funds | 1,439,051 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 566,468 |
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