Overview
What is American Eagle Financial Credit Union?
American Eagle Financial Credit Union is a Connecticut-based credit union, serving members residing in Hartford, Tolland, New Haven, and Middlesex counties. Established in 2022, the credit union continued its exempt status by offering fair and reasonable interest rates on loans and competitive share deposit products. AEFCU's mission is to enrich its members' lives and communities by providing financial services and creating a world where financial freedom is a reality. In 2022, the credit union witnessed growth in membership from 167,545 to 176,804 and experienced an increase of approximately $90.3 million in deposits. Through various seminars, AEFCU empowered its members with financial literacy and home buying knowledge. With a team of 435 employees, the credit union embodies values of caring, trust, and dependability.
Official website here: www.americaneagle.org
Is American Eagle Financial Credit Union legitimate?
American Eagle Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. American Eagle Financial 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: $874,847
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,656,773
For more financial information, click here
Official website here: www.americaneagle.org
What is the mission statement of American Eagle Financial Credit Union?
American Eagle Financial Credit Union is dedicated to enriching the lives of its members and communities by making financial freedom a reality. The credit union's mission is grounded in the values of caring, trust, and dependability. In 2022, they provided financial services, including loans and deposit products, to help their expanding membership base of over 176,000 reach their financial goals. Through competitive interest rates, fair loans, and deposit products, AEFCU supported its members in improving their economic condition. The credit union's offerings extended to financial literacy seminars, empowering members with the knowledge to make informed decisions. With a focus on member growth and financial well-being, AEFCU granted over 19,000 loans totaling approximately $643 million and welcomed over 16,000 new deposit accounts, adding $90 million to their total deposits.
Official website here: www.americaneagle.org
Who is the CEO of American Eagle Financial Credit Union?
Howard Brady is the Director of American Eagle Financial Credit Union. The CEO's salary of American Eagle Financial Credit Union is $511,482 and their total compensation is $571,754.
Official website here: www.americaneagle.org
What is the revenue of American Eagle Financial Credit Union?
American Eagle Financial Credit Union's revenue in 2022 was $96,740,977.
Official website here: www.americaneagle.org
Who are the executives of American Eagle Financial Credit Union and what are their salaries?
The average compensation at American Eagle Financial Credit Union during 2022 was $63,291. There are 435 employees and 15 volunteers at American Eagle Financial Credit Union.
Here are 18 key members and their salaries (American Eagle Financial Credit Union's CEO's salary is $511,482 and their total compensation is $571,754):
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- Compensation: $511,482
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- Other: $60,272
- Compensation: $246,146
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- Other: $56,947
- Compensation: $467,144
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- Compensation: $334,740
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- Compensation: $213,663
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- Other: $16,821
- Compensation: $306,428
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- Other: $51,910
- Compensation: $222,679
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- Other: $37,691
Official website here: www.americaneagle.org
Where can I find the form 990 for American Eagle Financial Credit Union?
American Eagle Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.americaneagle.org
Learn more at the official website: www.americaneagle.org
Mission Statement of American Eagle Financial Credit Union
American Eagle Financial Credit Union, a state-chartered financial institution, is dedicated to enriching the lives of its members by providing them with financial services that help achieve their goals. This nonprofit organization's mission is geared towards creating a reality where financial freedom is a reachable aspiration. Infused with the values of caring, trust, and dependability, American Eagle Financial Credit Union offers loans and deposit products at fair and reasonable rates.
The Credit Union's primary purpose is to serve members residing, working, worshiping, or attending school in Connecticut's Hartford, Tolland, New Haven, and Middlesex counties. Throughout 2022, American Eagle Financial Credit Union expanded its member base, growing from 167,545 to 176,804 individuals. The organization granted 19,202 loans, totaling approximately $643,148,000. These loans not only helped members finance various needs but also contributed to the increase in deposits, which grew from 323,486 to 344,216 accounts, totalling approximately $90,306,000.
American Eagle Financial Credit Union hosted seminars for its members, covering topics such as financial literacy and first-time home buying. By offering these educational resources, the Credit Union aims to empower its members with the knowledge and tools needed to make informed decisions about their financial future. Through its commitment to financial inclusion and growth, American Eagle Financial Credit Union continues to make a positive impact on the lives of its members.
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Impact
October, 2024
American Eagle Financial Credit Union (AEFCU) significantly impacts the communities it serves in Connecticut, particularly in Hartford, Tolland, New Haven, and Middlesex counties. By providing a variety of financial services, including loans and competitive deposit products, AEFCU empowers its members to achieve their financial goals.
In 2022, membership increased sharply from 167,545 to 176,804, indicating a growing trust and reliance on their services. AEFCU granted 19,202 loans, totaling approximately $643 million, which demonstrates its commitment to providing accessible credit at fair and reasonable rates. Additionally, their deposit accounts grew from 323,486 to 344,216, with an increase of about $90 million in deposits, showing that members are utilizing AEFCU as a safe and beneficial place to manage their finances.
The credit union also prioritizes financial education by holding seminars on topics like financial literacy and first-time home buying, equipping members with crucial knowledge to make informed financial decisions. Through these efforts, AEFCU embodies its mission to enrich the lives of its members and foster financial freedom, reflecting values of caring, trust, and dependability in their service to the community.
This information is meant to be a general summary of American Eagle Financial 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: $12,823,949
- Program Service Revenue: $83,917,028
- Gross Receipts: $153,658,399
Assets and Liabilities:
- Total Assets: $2,508,286,522
- Total Liabilities: $2,283,108,795
- Net Assets: $225,177,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME ON LOANS
Revenue
$61,769,741
FEES/CHARGES/OTHER
Revenue
$22,081,820
FINANCE & INSURANCE
Revenue
$65,467
Organization Details
Founding Year
1935
Phone
(800) 842-0145Principal Officer
Howard Brady
Main Address
333 EAST RIVER DRIVE, EAST HARTFORD, CT, 06128
Website
www.americaneagle.orgNTEE Category
Code: W61 - Public benefit
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