Area Educational Credit Union Mattoon IL | Affordable Auto Loans & Quick Personal Loans

Introduction

Welcome to Area Educational Credit Union, where your financial well-being is our top priority! Nestled in the heart of Mattoon at 812 Charleston Ave, IL 61938, we have been proudly serving our community since 1960. With a commitment to fostering strong relationships and providing exceptional service, we currently support over 2,371 members with a wealth of resources tailored to meet their needs. At Area Educational, we understand that every member has unique financial goals. That's why we offer a diverse range of services, including personal banking, auto loans, mortgage options, and business banking solutions. Our total assets amount to an impressive $29,617,032, backed by $3,745,326 in deposits and a solid net worth of $6,452,815. These figures reflect not just our stability but also our dedication to helping you achieve financial success. Led by our experienced CEO, Kerry Fearn, and Board President, James Coffman, our team is made up of six passionate employees who are always ready to assist you. Whether you prefer face-to-face interactions during our convenient hours Monday through Friday from 10 AM to 5:30 PM and Saturday from 9 AM to noon or online banking solutions available at [myaecu.com]( https://www.myaecu.com ), we aim to make your experience as smooth as possible. While members can visit us at our branch for all their banking needs, official correspondence should be sent to the same address: 812 CHARLESTON AVE, MATTOON, IL 61938. If you're looking for a credit union that values community impact and provides reliable financial solutions tailored for you look no further than Area Educational Credit Union! Ready to take the next step? Feel free to give us a call at (217) 234-7817 or explore more about what we offer at [myaecu.com]( https://www.myaecu.com ). We're excited to partner with you on your financial journey!

Branch History & Mission

Community Focus

Our history is not just about numbers; it's about people. We've built lasting relationships through various outreach initiatives and partnerships aimed at enhancing the lives of those in Mattoon and beyond. Our team continuously seeks ways to give back, whether through financial literacy programs or supporting local events.

Join Us

As we look toward the future, we invite you to be part of our story. Experience firsthand how Area Educational Credit Union can help you achieve your financial goals while being part of a community-centric organization. Visit us during our operating hours Monday to Friday from 10 AM to 5:30 PM and Saturday from 9 AM to noon or give us a call at 217-234-7817. Together, let's build a brighter financial future!

Modern Services

In today's fast-paced world, we understand the importance of convenience. That's why we offer online banking options that allow you to manage your accounts anytime, anywhere. While we currently do not have ATM services available, our drive-thru banking ensures that essential transactions are quick and straightforward.

Our Mission

At Area Educational Credit Union, our mission is clear: we aim to empower our members through exceptional financial services while actively supporting our community. We believe that everyone deserves the opportunity for financial stability and growth. This commitment drives us to provide tailored solutions that meet the unique needs of each member. While members can visit us at 812 Charleston Ave, official correspondence should be sent to 812 CHARLESTON AVE, MATTOON, IL 61938 if needed.

Branch Location & Accessibility

Banking Hours

We know your time is valuable. That's why our lobby hours are designed to fit into your schedule, open Monday through Friday from 10 AM to 5:30 PM. On Saturdays, our drive-thru service runs from 9 AM until noon, giving you extra time on weekends to handle quick transactions without stepping inside.

Connect With Us

Have questions or want more information? Give us a call at 217-234-7817! We're here to help you with any inquiries you may have about our services or membership options. We invite you to visit the Area Educational Credit Union soon your financial well-being is our top priority!

Convenient Access

At Area Educational Credit Union, we prioritize accessibility. Our branch is designed to welcome everyone, featuring ramps and ADA-compliant entrances for easy access. Plus, there's ample parking available to make your visit hassle-free.

Services Offered

Our branch provides a range of services tailored to meet your financial needs. From checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. Need cash? While we don't have ATMs on-site, our friendly staff is always ready to assist with deposits and withdrawals through our efficient drive-thru service.

Member Eligibility

At Area Educational, we believe that becoming a member means joining a community that truly cares about your financial well-being. If you're looking to become part of our family, you'll be pleased to know that eligibility is quite straightforward! To join us, you simply need to live, work, or attend school in our service area or have a family member who is already a member. This means you can enjoy all the benefits of being part of our supportive network at Area Educational, located at 812 Charleston Ave Mattoon Il 61938. Opening an account with us is designed to be easy and welcoming. Whether you're interested in personal banking, loans, or other services, we're here to help every step of the way. For more detailed information on the specific eligibility criteria, feel free to check out our website at http://www.myaecu.com/about-us/membership . If you're ready to get started or have any questions, don't hesitate to give us a call at (217) 234-7817. We can't wait to welcome you into our community!

Business Banking & Commercial Services

Merchant Services That Matter

Imagine having the ability to accept payments effortlessly, manage transactions smoothly, and keep your cash flow healthy all with our comprehensive merchant services. By streamlining payment processing and offering user-friendly tools, we empower businesses to focus on what they do best while ensuring they get paid promptly. Visit us at 812 Charleston Ave Mattoon Il 61938 in Mattoon, IL, or give us a call at (217) 234-7817 to learn more about how we can help your business thrive. Together, let's build a brighter future for your enterprise!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. Additionally, we also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking Services

For our business members, we have an array of services including Merchant Services & Business Loans. These offerings are crafted to support your entrepreneurial journey and ensure that you have the financial backing needed to thrive.

Convenient Access and Support

At Area Educational, convenience is key. Our branch provides ATM & Cash Withdrawal Services, making it easy for you to access cash when needed. We also feature basic Drive-Thru Banking, allowing for quick deposits, withdrawals, and simple transactions without leaving your vehicle. With operating hours from Monday to Friday 10 AM to 5:30 PM and Saturday 9 AM to Noon, we strive to be available when you need us most. Should you have any questions or need assistance, don't hesitate to reach out at (217) 234-7817. In summary, whether you're managing personal finances or running a business, Area Educational is committed to being your trusted partner in achieving financial success. Explore all our services today by visiting us at Area Educational Credit Union, where we turn financial aspirations into reality!

Loans and Credit Options

We also offer Personal Loans & Debt Consolidation solutions tailored to help you manage unexpected expenses or consolidate existing debts into one manageable payment. Plus, if you're looking for rewards on your purchases, our Credit Cards with Rewards can provide benefits that make shopping more rewarding!

Personal Banking Solutions

Our personal banking offerings include Checking and Savings Accounts that help you manage your day-to-day finances effectively. Imagine having a checking account that not only allows easy access to your funds but also comes with great online features. With Online and Mobile Banking, you can check balances, transfer funds, and pay bills from anywhere, making it easier than ever to stay on top of your finances. When it comes to financing your next vehicle, our Auto Loans & Vehicle Financing options provide competitive rates and flexible terms. Picture driving off in your dream car without the stress of complicated financing! If you're thinking about buying a home, our Mortgage Loans & Refinancing services can guide you through the process smoothly.

Digital & Online Banking

Key Services

Our online banking platform allows you to easily manage your finances. You can view your account balances, transfer funds, and pay bills with just a few clicks. Plus, with the availability of e-statements, you can go paperless and receive your statements directly in your inbox, making it easy to keep track of your financial activity without the clutter. While we currently do not support mobile payments or a dedicated mobile application, our web-based services are user-friendly and designed for ease of use across devices. You'll find everything you need right at your fingertips!

Real-Time Account Management

With our person-to-person transfer feature currently unavailable, we focus on making sure that all other aspects of our digital services meet your needs effectively. You can still enjoy real-time account management through our online platform, allowing you to make informed decisions about your finances whenever necessary. Explore all these features today by visiting https://www.myaecu.com/ and discover how easy managing your money can be with Area Educational!

Security Features

Security is our top priority. Although we do not offer electronic signature authorization for transactions at this time, rest assured that our online banking system employs strong encryption and security measures to protect your personal information. We want you to feel safe while managing your money from the comfort of home.

Financial Strength

At Area Educational, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that you want to trust your credit union with your hard-earned money, and we are proud to share our strong financial standing with you. Our net worth of $6,452,815 reflects our solid financial health, which allows us to offer better rates, lower fees, and enhanced member services. Furthermore, our net worth ratio of $2,179 showcases a robust capital foundation, ensuring that we can continue providing loans and competitive savings rates, even in uncertain economic times. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Members' savings are secured through $0 in share certificates and $0 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $300,000 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to helping you achieve your financial goals is evident in our offerings: we provide $90,602 in used auto loans and $14,046,768 across various loans and leases. Moreover, our $247,191 reflects operational efficiency that empowers us to continue delivering competitive loan rates and quality financial products for our members. We also take pride in having 4 full-time employees and 2 part-time employees who are always ready to assist you with a knowledgeable and dedicated team. As a testament to our growth and trust among members, we currently manage 2,627 share accounts. This number illustrates how many individuals rely on Area Educational for their banking needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Area Educational is your trusted partner. Visit us at 812 Charleston Ave Mattoon Il 61938 or call (217) 234-7817 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $8,565,316 in used vehicle loans and $4,388,149 in new vehicle loans already helping members get on the road. We provide flexible financing options tailored for both new and used vehicles, ensuring you can find a plan that fits your budget.

Credit Lines and Personal Loans

For those needing a bit more flexibility, our credit lines offer up to $500,000 available for personal use. This can help manage unexpected expenses or provide extra cash flow when needed.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. While we currently do not have Junior Lien 1-4 Family Residential Properties loans available, we encourage you to check back for future offerings that may suit your needs.

Unsecured Credit Cards

We also offer flexible terms on unsecured credit card loans, providing a total of $0 in loans helping members manage their finances effectively. These cards are designed with your convenience in mind, allowing you to make purchases without worrying about high-interest rates. If you're interested in refinancing any existing loans or exploring eligibility options for our loan products, we're here to assist you every step of the way. For more information or to apply for a loan, feel free to reach out at (217) 234-7817 during our business hours: Monday through Friday from 10 AM to 5:30 PM and Saturday from 9 AM to Noon. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Visit us online at [ http://www.myaecu.com]( https://www.myaecu.com/ ) for additional details or to start your application today!

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