Nonprofits›Area Educational Credit Union
Area Educational Credit Union
MATTOON, IL
Total revenue
$1.4M
Total expenses
$1.2M
Net assets
$6.4M
Grants received
—
EIN
370902576
Tax year
2024
Mission
To assist our members in the management of their financial well-being by providing loans, saving accounts and other financial institution services in a friendly and professional manner.
Programs
2 programs
Received deposits from 2,356 members
Provided ira services to 67 members
Financials
FY 2024
Revenue
Contributions & grants—
Program service revenue$770K
Investment income$628K
Other revenue—
Total revenue$1.4M
Expenses
Grants paid—
Salaries & benefits$344K
Fundraising—
Other expenses$839K
Total expenses$1.2M
Total assets$30.1M
Net assets$6.4M
People
11 listed
NameRoleCompensation
KERRY FEARN
PRESIDENT
Board
$119K
50 hrs/wk
J MICHAEL COFFMAN
DIRECTOR
Board
—
1 hrs/wk
JEREMY DOUGHTY
DIRECTOR
Board
—
1 hrs/wk
AMANDA GIBSON
DIRECTOR
Board
—
1 hrs/wk
MARILYN KAYE HONN
DIRECTOR
Board
—
1 hrs/wk
BRENDA JONES
DIRECTOR
Board
—
1 hrs/wk
SUE MCDOWELL
DIRECTOR
Board
—
1 hrs/wk
BRAD OSBORNE
DIRECTOR
Board
—
1 hrs/wk
KYLE PERRY
DIRECTOR
Board
—
1 hrs/wk
SCOTT RHINE
DIRECTOR
Board
—
1 hrs/wk
JOHN M SWICK
DIRECTOR
Board
—
1 hrs/wk
Details
EIN370902576
Subsection14
Ruling date1960-12
Formed1960
Employees6
Volunteers11