At Area Educational Credit Union, established in 1960, we pride ourselves on our commitment to fostering financial empowerment within our community. Located in Mattoon, IL, we operate under the leadership of CEO Kerry Fearn and Board President James Coffman, who together ensure that our mission revolves around providing exceptional service to our members. As a member-first institution, we focus on creating accessible financial solutions tailored to meet the unique needs of our diverse membership base.

As an NCUA-insured credit union since January 3, 1975, our members can trust in the safety and security of their deposits. We embrace modern banking technology with online banking services that allow for convenient access to account information anytime, anywhere. While we currently do not offer a mobile application or person-to-person transfers, we do provide e-statements and prioritize straightforward communication through our fax line at (217) 235-2780. Visit us online at https://www.myaecu.com/ to learn more about our products and services designed to support your financial journey.

At Area Educational Credit Union, we are dedicated to providing a comprehensive range of financial services tailored to meet the diverse needs of our members. Our offerings include personal banking solutions such as checking and savings accounts, auto loans and vehicle financing, mortgage loans and refinancing options, as well as personal loans for debt consolidation. We also cater to small businesses with our business banking services, which include merchant services and business loans. With online banking available, members can conveniently manage their finances anytime, anywhere, ensuring that they have access to their accounts at their fingertips.

While we currently do not offer mobile payments or a mobile application, our commitment to digital access is evident through our robust online banking platform. Members can enjoy features like e-statements to keep track of their financial activities effortlessly. Whether you're planning for life milestones or looking to grow your small business, our services are designed to help you navigate your financial journey smoothly. For those interested in exploring membership opportunities, more information can be found at http://www.myaecu.com/about-us/membership . If you're considering financing options, feel free to check out rates using https://www.lendmesh.com/loans/vehicle_loans . Our friendly team is always here to assist you; you can reach out at (217) 235-2780 for personalized support.

In the heart of Illinois, Area Educational Credit Union stands out as a trusted financial partner for individuals and families alike. With a Total Membership of 2,371, this credit union has built a strong community presence since its inception in 1960. The foundation of our trust lies in our solid financial performance, reflected by Total Assets amounting to 29,617,032 and a robust Net Worth of 6,452,815. These figures not only demonstrate our stability but also highlight our commitment to serving our members with integrity and transparency.

The financial health of Area Educational Credit Union is further evidenced by a Net Income of 247,191, showcasing our ability to generate sustainable growth while providing essential services. We take pride in managing Total Deposits of 3,745,326, which are crucial for fostering local economic development and supporting member needs through lending. Our focus on responsible lending practices is reflected in the Total Loans and Leases totaling 129,983, allowing us to empower our members through auto loans, mortgages, and personal loans tailored to their unique circumstances.

With a dedicated team comprising 6 employees, we prioritize exceptional service delivery that resonates with our community's values. Our impressive Net Worth Ratio of 2,179 signals our financial strength, ensuring that we can continue to offer competitive products, including Credit Card Loan Volume reaching and Auto Loan Volume at 181,204. While we maintain a conservative approach to lending—reflected in the absence of Commercial Loans and Total Borrowings—we remain agile in meeting the diverse financial needs of our membership.

At Area Educational Credit Union, we understand the importance of being a reliable partner in your financial journey. Our commitment to transparency and member-focused services reinforces why so many choose us as their financial institution. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov .

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