2024-05-14T12:15:00-04:00 2023-12-31 990 2023-01-01 370902576 AREA EDUCATIONAL CREDIT UNION AREA 2172347817 812 CHARLESTON AVE MATTOON IL 61938 KERRY FEARN PRESIDENT 2172347817 2024-05-13 KERRY FEARN 999009999 false 2023 2023-04-26 12:10:37Z KERRY FEARN 812 CHARLESTON AVE MATTOON IL 61938 1134201 false X WWW.AECU.COOP X COOPERATIVE 1960 IL TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVING ACCOUNTS AND OTHER FINANCIAL INSTITUTION SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER. 11 10 6 11 0 0 445605 594663 190744 456533 189800 83005 826149 1134201 0 0 322381 329686 0 0 367158 550890 689539 880576 136610 253625 30694267 29898349 24742270 23692727 5951997 6205622 TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVING ACCOUNTS AND OTHER FINANCIAL INSTITUTION SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER. false false PROVIDED CONSUMER LOANS TO 794 MEMBERS RECEIVED DEPOSITS FROM 2,360 MEMBERS PROVIDED IRA SERVICES TO 67 MEMBERS false false true false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1131 0 true 6 true false false false false false false false false X 11 10 false false false false true true false true true false false true true true true true false false false false X KERRY FEARN 2172347817 812 CHARLESTON AVE MATTOON IL 61938 KERRY FEARN PRESIDENT 50.00 X X 113784 0 31236 J MICHAEL COFFMAN DIRECTOR 1.00 X X 0 0 0 JEREMY DOUGHTY DIRECTOR 1.00 X X 0 0 0 AMANDA GIBSON DIRECTOR 1.00 X 0 0 0 MARILYN KAYE HONN DIRECTOR 1.00 X X 0 0 0 W MAX JAEGER DIRECTOR 1.00 X 0 0 0 BRENDA JONES DIRECTOR 1.00 X 0 0 0 SUE MCDOWELL DIRECTOR 1.00 X 0 0 0 BRAD OSBORNE DIRECTOR 1.00 X 0 0 0 KYLE PERRY DIRECTOR 1.00 X 0 0 0 JOHN M SWICK DIRECTOR 1.00 X 0 0 0 113784 31236 1 false false false INTEREST FROM LOANS 574672 574672 GAP INSURANCE 8183 8183 GROUP INSURANCE 6032 6032 LATE FEES 5652 5652 MARKETING COMMISSION 124 124 594663 456533 456533 OTHER OPERATING INCOME 83005 83005 83005 1134201 1134201 145020 148838 11161 1326 23341 158 12800 14699 26149 109298 41544 1500 9145 10388 13676 DIVIDENDS 273181 PROVISION FOR LOAN LOSS 14346 SUPERVISION 13317 ASSOCIATION DUES 10689 880576 0 0 0 154823 106933 19052440 15816811 11038108 13509424 107241 133914 507871 176604 341655 331267 30694267 29898349 78230 53138 24664040 23639589 24742270 23692727 X 5951997 6205622 5951997 6205622 30694267 29898349 253625 X false true X true 100 100 100 true CREDIT UNION POLITICAL ACT COUNCIL 1807 W DIEHL ROAD PO BOX 3107 NAPERVILLE IL 605667107 363092340 100 SCHEDULE C, PART I-A, LINE 1 THE ORGANIZATION'S ONLY POLITICAL ACTIVITY IS THE CONTRIBUTION TO CREDIT UNION POLITICAL ACTION COUNCIL THAT IS REPORTED IN PARTS I-A AND I-C OF THIS SCHEDULE C. 507871 176604 331267 331267 SAVINGS OF MEMBERS 23639589 23639589 FORM 990, PAGE 6, PART VI, LINE 6 THE AREA EDUCATIONAL CREDIT UNION IS ORGANIZED WITH MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE AREA EDUCATIONAL CREDIT UNION HAS MEMBERS WHO MAY ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B COPY OF 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING THE 990. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE ENFORCEMENT OF CONFLICT POLICY AND MONITORS COMPLIANCE. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.