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National Credit Union Service Organization

A.A.E.C. CREDIT UNION

Dec, 31, 2021 — 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 $101.24 million in total assets. Opened 67 years ago in 1955, A.A.E.C. CREDIT UNION has about 4,044 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 HEIGHTS, IL 60005-3141
Phone:(847) 392-1922
Fax:(847) 392-1926
Website:http://www.aaeccu.com
Branches:1 branch locations
Members:4,044
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:$101,237,935
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 8,733,021
TOTAL INVESTMENTS 49,871,832
Loans Held for Sale 0
 
 Real Estate Loans 28,689,527
 Unsecured Loans 3,970,079
 Other Loans 7,729,743
 TOTAL LOANS 40,389,349
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -425,540
 Land And Building 1,004,222
 Other Fixed Assets 63,183
 NCUSIF Deposit 839,326
 All Other Assets 762,542
  TOTAL ASSETS 101,237,935
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 833,882
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,527,771
 Regular shares 77,726,374
 All Other Shares & Deposits 1,000
  TOTAL SHARES & DEPOSITS 88,255,145
  TOTAL LIABILITIES 89,089,027
 Regular Reserve 1,772,776
 Other Reserves -109,551
 Undivided Earnings 10,485,683
  TOTAL EQUITY 12,148,908
  TOTAL LIABILITIES, SHARES, & EQUITY 101,237,935
INCOME & EXPENSE  
 Loan Income 1,729,196
 Investment Income 471,322
 Other Income 61,743
 Total Employee Compensation & Benefits 957,537
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 618,537
 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 160,076
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 878,727
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