Overview
What is Aaec Credit Union?
Aaec Credit Union, located in Arlington Heights, Illinois, is a credit union that operates with a mutual purpose to foster savings among its members and offer them affordable loans. Established with the mission to encourage thrift and improve members' financial well-being, this credit union operates based on the principles of cooperation. With a team of 12 dedicated employees, Aaec Credit Union works diligently to provide its members with financial services that cater to their savings needs and help them secure low-cost loans. The credit union's operations are headquartered at 1104 S ARLINGTON HEIGHTS ROAD, ARLINGTON HEIGHTS, IL, 60005.
Official website here: www.aaeccu.com
Is Aaec Credit Union legitimate?
Aaec Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Aaec Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $274,272
Professional Fundraising Fees: $0
Other Salaries and Wages: $483,379
For more financial information, click here
Official website here: www.aaeccu.com
What is the mission statement of Aaec Credit Union?
Aaec Credit Union operates with a mutual purpose, aiming to foster thrift among its members and provide them with affordable loan options. This mission is geared towards helping members improve their financial well-being. The credit union encourages its members to save and offers them the opportunity to access loans at lower costs. By promoting thrift and providing affordable loans, the credit union serves to enhance the financial standing of its members.
Official website here: www.aaeccu.com
Who is the CEO of Aaec Credit Union?
Rachel M Noltner is the Director of Aaec Credit Union.
Official website here: www.aaeccu.com
What is the revenue of Aaec Credit Union?
Aaec Credit Union's revenue in 2022 was $2,569,769.
Official website here: www.aaeccu.com
Who are the executives of Aaec Credit Union and what are their salaries?
The average compensation at Aaec Credit Union during 2022 was $63,138. There are 12 employees and 9 volunteers at Aaec Credit Union.
Here are 11 key members and their salaries:
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- Compensation: $228,377
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- Compensation: $104,754
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- Other: $0
Official website here: www.aaeccu.com
Where can I find the form 990 for Aaec Credit Union?
Aaec Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aaeccu.com
Learn more at the official website: www.aaeccu.com
Mission Statement of Aaec Credit Union
Aaec Credit Union, operating on a mutual basis, is dedicated to fostering thrift among its members and providing them with affordable loan options. This mission serves to empower members, enabling them to enhance their financial well-being. The credit union's primary goal is to promote savings, thereby helping its members improve their net worth.
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Impact
October, 2024
AAEC Credit Union plays a vital role in the Arlington Heights community by facilitating financial growth and stability among its members. By promoting thrift and providing low-cost loans, it encourages individuals to save effectively and invest in their futures. This approach helps members improve their net worth, ultimately contributing to the economic health of the community.
Through its commitment to mutual benefits, AAEC Credit Union fosters a culture of financial responsibility, supporting members in achieving their financial goals. By enhancing access to affordable lending options, it empowers individuals to make significant life improvements, whether that involves purchasing a home, financing education, or managing unexpected expenses. The credit union's mission aligns with the broader public benefit, ensuring that financial services are available to those who might otherwise face barriers.
In summary, AAEC Credit Union's impact is evident in its dedication to uplifting its members and enhancing their financial resilience, thereby contributing positively to the overall welfare of the Arlington Heights community.
This information is meant to be a general summary of Aaec Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $623,357
- Program Service Revenue: $1,946,412
- Gross Receipts: $2,569,769
Assets and Liabilities:
- Total Assets: $100,605,056
- Total Liabilities: $87,732,011
- Net Assets: $12,873,045
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$1,760,355
FEE INCOME
Revenue
$62,532
OTHER INCOME
Revenue
$123,525
Organization Details
Founding Year
1955
Phone
(847) 392-1922Principal Officer
Rachel M Noltner
Main Address
1104 S ARLINGTON HEIGHTS ROAD, ARLINGTON HEIGHTS, IL, 60005
Website
www.aaeccu.comNTEE Category
Code: W60 - Public benefit
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