Area Educational Credit Union

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A short history of Area Educational CU

Since its inception in 1960 the Area Educational Credit Union has been serving its members in the MATTOON, Illinois area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by KERRY FEARN, the Area Educational CU has grown its membership to over 2,635 with assets of more than $24,755,978. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (217) 234-7817 or email them at aecustaff@consolidated.net to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in MATTOON, IL.

General Information For Area Educational CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 62500
Address 812 CHARLESTON AVE 
City MATTOON 
State Illinois 
Zip-Code 61938
Phone Number (217) 234-7817
Fax Number (217) 234-7817
Email Address: aecustaff@consolidated.net
CEO/President KERRY FEARN
Members 2,635 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 24,755,978 
Website http://www.aecu.coop 

Compare Area Educational Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Blaw-knox CU Blaw Knox Credit Union 215 S 17th St 61938 (217) 235-0698 No 0.90
Effingham Highway CU Effingham Highway Credit Union 400 W Wabash Ave 62401 (217) 342-8209 No 27.06

Area Educational Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Area Educational Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 2.50 3.00 N/A N/A
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 84 92 N/A N/A
Rank Among All Illinois Credit Unions N/A 25 29 N/A N/A

Area Educational Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.25 N/A N/A 0.50
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 95 N/A N/A 227
Rank Among All Illinois Credit Unions N/A 24 N/A N/A 30
Area Educational Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 12.000300813,855
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.500791,428,715
Used Vehicle Loans 3.0003933,861,014
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 0.00000
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 1.99041311,041
TOTAL LOANS & LEASES 8136,414,625

Area Educational Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 0000
    b. 15 Years or less 0000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 0000

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Area Educational Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans No
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit No
ATM/Debit Card Program No
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders No
No Surcharge ATMs No
Home Banking Via Internet Website No