EIN 37-0902576

Area Educational Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
6
City
Mattoon
Year formed
1960
Most recent tax filings
2022-12-01
Description
Area Educational Credit Union assists its members in managing their financial well-being by providing loans, saving accounts, and other financial institution services in a friendly and professional manner. The credit union has provided consumer loans to 753 members and received deposits from 2,360 members.
Total revenues
$826,149
2022
Total expenses
$689,539
2022
Total assets
$30,694,267
2022
Num. employees
6
2022

Program areas at Area Educational Credit Union

Provided consumer loans to 753 members
Provided ira services to 74 members
Received deposits from 2,360 members

Personnel at Area Educational Credit Union

NameTitleCompensation
Kerry FearnPresident$111,964
Marilyn Kaye HonnDirector$0

Financials for Area Educational Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$445,605
Investment income and dividends$190,744
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$189,800
Total revenues$826,149

Form 990s for Area Educational Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-12990View PDF
2021-122022-05-16990View PDF
2020-122021-05-11990View PDF
2019-122021-06-07990View PDF
2018-122019-06-19990View PDF
...and 9 more Form 990s
Data update history
July 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 16, 2022
Posted financials
Added Form 990 for fiscal year 2020
October 1, 2021
Posted financials
Added Form 990 for fiscal year 2019
August 31, 2021
Updated personnel
Identified 3 new personnel
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Credit unions
Issues
No issues found
Characteristics
State / local level
General information
Address
812 Charleston Ave
Mattoon, IL 61938
County
Coles County, IL
Website URL
myaecu.com/ 
Phone
(217) 234-7817
IRS details
EIN
37-0902576
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1960
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Independent
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