NonprofitsAaec Credit Union

Aaec Credit Union

ARLINGTON HTS, IL

Total revenue

$4.1M

Total expenses

$3.3M

Net assets

$13.6M

Grants received

EIN

362364054

Tax year

2024

Mission

Credit union operated for mutual purposes to promote thrift and provide low cost loans to members.

Programs

2 programs

Create a source of credit at a reasonable rate of interest for members of the credit union. At december 31, 2024, there were 2,171 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.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$2.9M
Investment income$1.2M
Other revenue
Total revenue$4.1M

Expenses

Grants paid$12K
Salaries & benefits$839K
Fundraising
Other expenses$2.4M
Total expenses$3.3M
Total assets$106.9M
Net assets$13.6M

People

10 listed

NameRoleCompensation

RACHEL M NOLTNER

PRESIDENT

Board

$138K

40 hrs/wk

SCOTT GUSTAFSON

DIRECTOR

Board

0.5 hrs/wk

SEEMA KURUP

DIRECTOR

Board

0.5 hrs/wk

JOHN MEYERS JR

DIRECTOR

Board

0.5 hrs/wk

NANCY MILNE

DIRECTOR

Board

0.5 hrs/wk

THOMAS ADAM

DIRECTOR

Board

1.5 hrs/wk

ERIC SWANSON

DIRECTOR

Board

0.5 hrs/wk

KELLEY ZERFAHS

DIRECTOR

Board

0.5 hrs/wk

WILLIAM TIMMINS

DIRECTOR

Board

0.5 hrs/wk

JAN PHILLIPS

DIRECTOR

Board

1.5 hrs/wk

Details

EIN362364054
Subsection14
Ruling date1955-02
Formed1955
Employees19
Volunteers9
AAEC CREDIT UNION — Mission, Financials & Grants Received | Grantivo