Nonprofit · EIN 36-2364054
AAEC CREDIT UNION
Tax-exempt · ARLINGTON HTS, IL 60005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,856,695 | $4,457,536 | $399,159 | $117,990,872 | $103,176,781 | $14,814,091 |
| December 31, 2024 | 990 | $4,054,418 | $3,294,693 | $759,725 | $106,878,953 | $93,299,655 | $13,579,298 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,970,403
- Investment income
- $1,829,083
- Other revenue
- $57,209
Expenses
- Grants and similar amounts paid
- $9,248
- Compensation of officers, directors and key employees
- $180,652
- Other salaries and wages
- $639,323
- Salaries, compensation and benefits (total)
- $1,146,671
- Professional fundraising fees
- $0
- Legal fees
- $20,710
- Accounting fees
- $21,828
- Occupancy
- $113,638
Balance sheet and other
- Total assets, start of year
- $106,878,953
- Total assets, end of year
- $117,990,872
- Total liabilities, end of year
- $103,176,781
- Net assets, end of year
- $14,814,091
- Land, buildings and equipment
- $1,204,460
- Gross receipts
- $4,856,695
- Employees
- 21
- Volunteers
- 9
- Year formed
- 1955
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL M NOLTNER | PRESIDENT Officer, Key employee, Highest-paid employee | 40 | $180,652 |
| THOMAS ADAM | VICE-CHAIR Trustee or director | 0.5 | $0 |
| SCOTT GUSTAFSON | TREASURER Trustee or director | 1.5 | $0 |
| SEEMA KURUP | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN MEYERS JR | DIRECTOR Trustee or director | 0.5 | $0 |
| NANCY MILNE | DIRECTOR Trustee or director | 0.5 | $0 |
| JAN PHILLIPS | DIRECTOR Trustee or director | 0.5 | $0 |
| ERIC SWANSON | DIRECTOR Trustee or director | 0.5 | $0 |
| KELLEY ROSSI | BOARD CHAIR Trustee or director | 1.5 | $0 |
| WILLIAM TIMMINS | SECRETARY Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL M NOLTNER | PRESIDENT Officer, Key employee, Highest-paid employee | 40 | $138,200 |
| THOMAS ADAM | DIRECTOR Trustee or director | 1.5 | $0 |
| SCOTT GUSTAFSON | DIRECTOR Trustee or director | 0.5 | $0 |
| SEEMA KURUP | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN MEYERS JR | DIRECTOR Trustee or director | 0.5 | $0 |
| NANCY MILNE | DIRECTOR Trustee or director | 0.5 | $0 |
| JAN PHILLIPS | DIRECTOR Trustee or director | 1.5 | $0 |
| ERIC SWANSON | DIRECTOR Trustee or director | 0.5 | $0 |
| KELLEY ZERFAHS | DIRECTOR Trustee or director | 0.5 | $0 |
| WILLIAM TIMMINS | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1104 S ARLINGTON HEIGHTS RD, ARLINGTON HTS, IL 60005-3141
- Principal officer (990 for 2025)
- RACHEL M NOLTNER, 1104 S ARLINGTON HEIGHTS ROAD, ARLINGTON HEIGHTS, IL 60005
- Signed the 990
- RACHEL M NOLTNER, PRESIDENT
- Phone
- (847) 392-1922
- Website
- www.aaeccu.com
- Return prepared by
- AMERICAN EAGLE TAX & ACCOUNTING INC
Mission
CREDIT UNION OPERATED FOR MUTUAL PURPOSES TO PROMOTE THRIFT AND PROVIDE LOW COST LOANS TO MEMBERS.
Program accomplishments
- ENCOURAGE THRIFT AMONG MEMBERS. ENABLE MEMBERS TO IMPROVE THEIR NET WORTH.
- CREATE A SOURCE OF CREDIT AT A REASONABLE RATE OF INTEREST FOR MEMBERS OF THE CREDIT UNION. AT DECEMBER 31, 2025, THERE WERE 2,265 LOANS AND CREDIT CARDS OUTSTANDING TO MEMBERS.
- PROVIDE AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2364054
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1955
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $117,990,872
- Income (IRS master file)
- $4,856,695
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,856,695 | $4,457,536 | $117,990,872 | IRS |
| 990 | December 2024 | $4,054,418 | $3,294,693 | $106,878,953 | IRS |
| 990 | December 2023 | $3,206,186 | $2,327,645 | $98,327,683 | IRS |
| 990 | December 2022 | $2,569,769 | $1,800,091 | $100,605,056 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-2364054).
Questions about AAEC CREDIT UNION
- What is the EIN of AAEC CREDIT UNION?
- The employer identification number (EIN) of AAEC CREDIT UNION is 36-2364054.
- Is AAEC CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1955.
- Are donations to AAEC CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AAEC CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AAEC CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AAEC CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of AAEC CREDIT UNION?
- The 990 for the year ended December 31, 2025 names RACHEL M NOLTNER.
- Who are the officers and directors of AAEC CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $180,652 (RACHEL M NOLTNER, PRESIDENT).
- How much revenue does AAEC CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,856,695, expenses of $4,457,536 and total assets of $117,990,872 at year end.
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