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National Credit Union Service Organization

A.A.E.C. CREDIT UNION

Jun, 30, 2021 — A.A.E.C. CREDIT UNION is a federally insured state chartered credit union headquartered in Arlington Heigh, IL with 1 branch location and about $98.93 million in total assets. Opened 66 years ago in 1955, A.A.E.C. CREDIT UNION has about 4,057 members and employs 10 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 Heigh, IL 60005-3141
Phone:(847) 392-1922
Fax:(847) 392-1926
Website:http://www.aaeccu.com
Branches:1 branch locations
Members:4,057
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$98,929,212
CEO/Manager:Jill Lindsay
Chairperson:Thomas Adam

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 18,708,324
TOTAL INVESTMENTS 39,593,868
Loans Held for Sale 0
 
 Real Estate Loans 26,648,972
 Unsecured Loans 4,210,691
 Other Loans 7,665,758
 TOTAL LOANS 38,525,421
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -429,832
 Land And Building 1,013,831
 Other Fixed Assets 67,939
 NCUSIF Deposit 791,722
 All Other Assets 657,939
  TOTAL ASSETS 98,929,212
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 780,980
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,916,009
 Regular shares 76,537,406
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 86,453,415
  TOTAL LIABILITIES 87,234,395
 Regular Reserve 1,772,776
 Other Reserves -101,514
 Undivided Earnings 10,023,555
  TOTAL EQUITY 11,694,817
  TOTAL LIABILITIES, SHARES, & EQUITY 98,929,212
INCOME & EXPENSE  
 Loan Income 848,436
 Investment Income 284,627
 Other Income 28,253
 Total Employee Compensation & Benefits 479,785
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 311,478
 Non-operating Income & (Expense) 1,500
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 72,927
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 416,597
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