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National Credit Union Service Organization

A.A.E.C. CREDIT UNION

Sep, 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 $100.55 million in total assets. Opened 67 years ago in 1955, A.A.E.C. CREDIT UNION has about 4,076 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:4,076
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:$100,553,530
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 14,572,781
TOTAL INVESTMENTS 43,615,520
Loans Held for Sale 0
 
 Real Estate Loans 28,133,604
 Unsecured Loans 4,217,905
 Other Loans 7,918,261
 TOTAL LOANS 40,269,770
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -426,957
 Land And Building 1,010,628
 Other Fixed Assets 65,561
 NCUSIF Deposit 791,722
 All Other Assets 654,505
  TOTAL ASSETS 100,553,530
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 815,782
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,097,328
 Regular shares 77,572,811
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 87,670,139
  TOTAL LIABILITIES 88,485,921
 Regular Reserve 1,772,777
 Other Reserves -104,862
 Undivided Earnings 10,399,694
  TOTAL EQUITY 12,067,609
  TOTAL LIABILITIES, SHARES, & EQUITY 100,553,530
INCOME & EXPENSE  
 Loan Income 1,287,222
 Investment Income 386,933
 Other Income 44,119
 Total Employee Compensation & Benefits 706,202
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 449,988
 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 111,462
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 792,738
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