Sep, 30, 2022 — 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 $102.18 million in total assets. Opened 68 years ago in 1955, A.A.E.C. CREDIT UNION has about 4,071 members and employs 11 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 |
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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: | 4,071 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60648 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $102,183,476 |
CEO/Manager: | Jill Lindsay |
Chairperson: | Thomas Adam |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,657,697 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 27,984,065 |
Unsecured Loans | 3,621,655 |
Other Loans | 8,371,768 |
TOTAL LOANS | 39,977,488 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -414,139 |
Land And Building | 989,810 |
Other Fixed Assets | 56,050 |
NCUSIF Deposit | 856,933 |
All Other Assets | 0 |
TOTAL ASSETS | 102,183,476 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 870,006 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,659,074 |
Regular shares | 77,673,191 |
All Other Shares & Deposits | 286,993 |
TOTAL SHARES & DEPOSITS | 88,619,258 |
TOTAL LIABILITIES | 89,489,264 |
Regular Reserve | 0 |
Other Reserves | 1,610,986 |
Undivided Earnings | 11,083,226 |
TOTAL EQUITY | 12,694,212 |
TOTAL LIABILITIES, SHARES, & EQUITY | 102,183,476 |
INCOME & EXPENSE | |
Loan Income | 1,310,330 |
Investment Income | 408,960 |
Other Income | 43,351 |
Total Employee Compensation & Benefits | 712,454 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 411,648 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 152,992 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 597,544 |
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