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National Credit Union Service Organization

A.A.E.C. CREDIT UNION

Dec, 31, 2020 — 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 $92.19 million in total assets. Opened 66 years ago in 1955, A.A.E.C. CREDIT UNION has about 3,970 members and employs 9 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:3,970
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$92,193,694
CEO/Manager:Jill Lindsay
Chairperson:Thomas Adam

Call Report

  • Overdraft Protection
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,164,084
TOTAL INVESTMENTS 37,499,812
Loans Held for Sale 0
 
 Real Estate Loans 24,539,646
 Unsecured Loans 4,310,376
 Other Loans 7,730,311
 TOTAL LOANS 36,580,333
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -430,859
 Land And Building 1,023,438
 Other Fixed Assets 72,694
 NCUSIF Deposit 744,310
 All Other Assets 539,882
  TOTAL ASSETS 92,193,694
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 537,010
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,976,456
 Regular shares 71,393,303
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 80,369,759
  TOTAL LIABILITIES 80,906,769
 Regular Reserve 1,772,776
 Other Reserves -92,808
 Undivided Earnings 9,606,957
  TOTAL EQUITY 11,286,925
  TOTAL LIABILITIES, SHARES, & EQUITY 92,193,694
INCOME & EXPENSE  
 Loan Income 1,739,791
 Investment Income 810,240
 Other Income 100,048
 Total Employee Compensation & Benefits 843,182
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 674,445
 Non-operating Income & (Expense) 2,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 267,019
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 867,433
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