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 Area Educational Credit Union Rates & Review March 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: March 28, 2026
Area Educational Credit Union's Personal Loan Rates are at 12.00%. MonitorBankRates evaluates the financial stability of Area Educational Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.95%. Rates were last updated on 03/28/2026. Area Educational Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Area Educational Credit Union? Share your experience about Area Educational Credit Union by leaving a review below, or read customer reviews before you decide to use Area Educational Credit Union. Area Educational Credit Union
AREA EDUCATIONAL CREDIT UNION 812 CHARLESTON AVE
https://www.myaecu.com MATTOON, IL 61938 
Area Educational Credit Union Savings Rates
Area Educational Credit Union Mortgage Rates
Area Educational Credit Union Auto Loan Rates
Area Educational Credit Union Personal Loan Rates
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for Area Educational Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather Area Educational Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Area Educational Credit Union's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
Area Educational Credit Union
Website
https://www.myaecu.com
Address
812 CHARLESTON AVE,
MATTOON, IL 61938
Phone
217-234-7817
Fax
217-235-2780
President
JAMES COFFMAN
CEO
KERRY FEARN
Full-Time Employees
4
Part-Time Employees
2
Branch Locations
1
ATM Locations
0
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (100/100)
Texas Ratio
0.95%
Return on Assets (ROA)
1.0711%
Return on Equity (ROE)
5.0005%
Non-Performing Loans Ratio (NPL)
0.48%
Total Assets
31,555,020
Total Amount of Shares and Deposits
24,757,125
Total Shares and Deposits < 1 Year
24,757,125
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
179,825
Total Uninsured Shares and Deposits > $250K (F+J)
179,825
Total Insured Shares and Deposits > $250K (item 17 less item K)
24,577,300
Total Interest Expense (Sum of items 6 8)
373,965
IRA KEOGH Accounts
68
Number of Accounts for Regular Shares
2,546
Net Income (unless the amount is already included in Undivided Earnings)
337,989
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
4,671,240
Total Liabilities
24,795,875
Source: NCUA — Last Updated 09/30/2025
Frequently Asked Questions About Area Educational Credit UnionIs Area Educational Credit Union a safe place to deposit money?Yes, Area Educational Credit Union is considered a safe financial institution. With a Texas Ratio of 0.94646586217636%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category. How many branches does Area Educational Credit Union operate?Area Educational Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is a member application needed to join Area Educational Credit Union?Yes, to access services at Area Educational Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations. Is there a first-time homebuyer program?Currently, Area Educational Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, Area Educational Credit Union provides members with tools to manage their accounts and build a solid financial history. Does Area Educational Credit Union offer online and mobile banking?Most modern institutions like Area Educational Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.myaecu.com. Compare to Other Credit Unions
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