Civic Intelligence

Area Educational Credit Union

990 • Fiscal year 2016 • EIN 37-0902576

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

Organization ProfileWWW.AECU.COOP
812 Charleston AveMattoon, IL 61938

(217) 234-7817

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.78x

Higher debt load relative to assets than 17% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

35.73x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Net Margin

87th percentile

18%

Higher net margin than 87% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

90th percentile

$109,952

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 20.6% of source-year revenue.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Asset Growth

45th percentile

1.3%

Faster asset growth than 45% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

76th percentile

7.3%

Faster revenue growth than 76% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$24,436,327

Up $313,967 (+1.3%) from 2015

Net Assets

Up

$5,386,472

Up $98,207 (+1.9%) from 2015

Liabilities

Up

$19,049,855

Up $215,760 (+1.1%) from 2015

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin87th percentile

Revenue

Up

$533,098

Up $36,269 (+7.3%) from 2015

Expenses

Up

$434,891

Up $48,103 (+12%) from 2015

Net Income

Down

$98,207

Down $11,834 (-11%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $22,496,866Liabilities 2010: $17,511,086Net Assets 2010: $4,985,7802010Assets 2011: $23,390,292Liabilities 2011: $18,356,506Net Assets 2011: $5,033,7862011Assets 2012: $23,551,835Liabilities 2012: $18,469,922Net Assets 2012: $5,081,9132012Assets 2014: $24,087,206Liabilities 2014: $18,908,982Net Assets 2014: $5,178,2242014Assets 2015: $24,122,360Liabilities 2015: $18,834,095Net Assets 2015: $5,288,2652015Assets 2016: $24,436,327Liabilities 2016: $19,049,855Net Assets 2016: $5,386,4722016Assets 2017: $24,798,202Liabilities 2017: $19,312,837Net Assets 2017: $5,485,3652017Assets 2018: $25,082,585Liabilities 2018: $19,508,823Net Assets 2018: $5,573,7622018Assets 2019: $25,032,872Liabilities 2019: $19,310,503Net Assets 2019: $5,722,3692019Assets 2021: $30,341,068Liabilities 2021: $24,525,681Net Assets 2021: $5,815,3872021Assets 2022: $30,694,267Liabilities 2022: $24,742,270Net Assets 2022: $5,951,9972022

Highlighted filing

2016

Assets$24,436,327
Liabilities$19,049,855
Net Assets$5,386,472
Open 2016 Filing

Operations Trend

Revenue Growth76th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0Expenses 2010: $548,6262010Expenses 2011: $475,8872011Expenses 2012: $436,3812012Revenue 2014: $452,992Expenses 2014: $404,082Net Income 2014: $48,9102014Revenue 2015: $496,829Expenses 2015: $386,788Net Income 2015: $110,0412015Revenue 2016: $533,098Expenses 2016: $434,891Net Income 2016: $98,2072016Revenue 2017: $540,152Expenses 2017: $441,259Net Income 2017: $98,8932017Revenue 2018: $655,418Expenses 2018: $567,021Net Income 2018: $88,3972018Revenue 2019: $776,092Expenses 2019: $627,485Net Income 2019: $148,6072019Revenue 2021: $588,144Expenses 2021: $554,120Net Income 2021: $34,0242021Revenue 2022: $826,149Expenses 2022: $689,539Net Income 2022: $136,6102022

Highlighted filing

2016

Revenue$533,098
Expenses$434,891
Net Income$98,207
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$533,098
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$17,794,031$18,131,955▲ $337,924
Other Notes and Loans Receivable, Net$6,136,943$6,134,745▼ $2,198
Rtn Earn Endowment Incm Other Fnds$5,288,265$5,386,472▲ $98,207
Cash and Non-Interest-Bearing Accounts$136,888$101,811▼ $35,077
Land, Buildings, and Equipment, Net$34,339$45,664▲ $11,325
Prepaid Expenses and Deferred Charges$20,159$22,152▲ $1,993
Total Assets$24,122,360$24,436,327▲ $313,967
Liabilities
Other Liabilities$18,828,734$19,030,307▲ $201,573
Accounts Payable and Accrued Expenses$5,361$19,548▲ $14,187
Total Liabilities$18,834,095$19,049,855▲ $215,760
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,288,265$5,386,472▲ $98,207
Total Liabilities and Net Assets / Fund Balance$24,122,360$24,436,327▲ $313,967

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$45,664$99,029$144,693
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kerry FearnPresidentFT$93,632$16,320$109,952

Board Members and Trustees

NameTitle
Mr Brad OsborneDirector
Mr Henry BoughDirector
Mr J Michael CoffmanDirector
Mr John M SwickDirector
Mr Richard MercerDirector
Mr W Max JaegerDirector
Mrs Brenda JonesDirector
Mrs Marilyn Kaye HonnDirector
Mrs Paula KearneyDirector
Mrs Sue McdowellDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$338,243
Investment Income
$194,855
Other Revenue
$0
Change in Net Assets
$98,207
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$222,283
Other Expenses$212,608
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$109,952
Other Salaries and Wages---$89,218
Information Technology---$43,648
Office Expenses---$22,944
Payroll Taxes---$15,810
Insurance---$12,995
Occupancy---$12,834
Other Expenses---$10,215
Fees for Services Accounting---$9,240
Fees for Services Legal---$8,597
Pension Plan Contributions---$6,658
Conferences and Meetings---$6,122
Advertising---$5,827
Depreciation Depletion---$3,739
Travel---$1,500
Other Employee Benefits---$645
Total Functional Expenses$0$0$0$434,891
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$150
Total Exempt Function Spending$150

Section 527 Organizations

OrganizationLocationAmount
36-3092340Naperville, IL$150
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Savings of Members$19,030,307
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The area educational credit union is organized with members.”

Form 990, Page 6, Part VI, Line 7A

“The area educational credit union has members who may elect members of the governing body.”

Form 990, Page 6, Part VI, Line 11B

“Copy of 990 is provided to the board of directors for review and approval prior to filing the 990.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Area Educational Credit Union
EIN
37-0902576
Phone
2172347817
Address
812 CHARLESTON AVE, MATTOON, IL 61938

Signing Officer

Name
Kerry Fearn
Title
President
Phone
2172347817
Signed
2017-05-11

Organization Details

Principal Officer
Kerry Fearn
Formed
1960
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
10
Employees
7
Volunteers
11
Raw XML Appendix348 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd0605667107
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S ONLY POLITICAL ACTIVITY IS THE CONTRIBUTION TO CREDIT UNION POLITICAL ACTION COUNCIL THAT IS REPORTED IN PARTS I-A AND I-C OF THIS SCHEDULE C.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
IRS990ScheduleC/TotalExemptFunctionExpendAmt0150
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt045664
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt099029
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0144693
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019030307
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SAVINGS OF MEMBERS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt045664
IRS990ScheduleD/TotalLiabilityAmt019030307
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AREA EDUCATIONAL CREDIT UNION IS ORGANIZED WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE AREA EDUCATIONAL CREDIT UNION HAS MEMBERS WHO MAY ELECT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPY OF 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt024122360
IRS990/TotalAssetsEOYAmt024436327
IRS990/TotalAssetsGrp/BOYAmt024122360
IRS990/TotalAssetsGrp/EOYAmt024436327
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0434891
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018834095
IRS990/TotalLiabilitiesEOYAmt019049855
IRS990/TotalLiabilitiesGrp/BOYAmt018834095
IRS990/TotalLiabilitiesGrp/EOYAmt019049855
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05288265
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05386472
IRS990/TotalOtherCompensationAmt016320
IRS990/TotalProgramServiceRevenueAmt0338243
IRS990/TotalReportableCompFromOrgAmt093632
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0533098
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0533098
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024122360
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024436327
IRS990/TravelGrp/TotalAmt01500
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0812 CHARLESTON AVE
IRS990/USAddress/CityNm0MATTOON
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061938
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.AECU.COOP
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KERRY FEARN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02172347817
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AREA EDUCATIONAL CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0AREA
ReturnHeader/Filer/EIN0370902576
ReturnHeader/Filer/PhoneNum02172347817
ReturnHeader/Filer/USAddress/AddressLine1Txt0812 CHARLESTON AVE
ReturnHeader/Filer/USAddress/CityNm0MATTOON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061938
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId071EA56A827FE039AE7E042163179B3AC61212D80
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05C4FD88C856B7775FA575635BEC8B1D30E18405D
ReturnHeader/ReturnTs02017-05-12T10:13:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,436,327
Liabilities
$19,049,855
Net assets
$5,386,472
Revenue
$533,098
Expenses
$434,891
Net income
$98,207
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.7$24.7$5.95$0.83$0.69$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.3$24.5$5.82$0.59$0.55$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.0$19.3$5.72$0.78$0.63$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.1$19.5$5.57$0.66$0.57$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.8$19.3$5.49$0.54$0.44$0.10
2016Detailed filing. Detailed filing data is available for this year.$24.4$19.0$5.39$0.53$0.43$0.10
2015Detailed filing. Detailed filing data is available for this year.$24.1$18.8$5.29$0.50$0.39$0.11
2014Detailed filing. Detailed filing data is available for this year.$24.1$18.9$5.18$0.45$0.40$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$18.5$5.08$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.4$18.4$5.03$0.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.5$17.5$4.99$0.55