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Filing year 2024

AREA EDUCATIONAL CREDIT UNION

Mattoon, Illinois·EIN 37-0902576·14
Total revenue
$1.4M
Total assets
$30.1M
Total expenses
$1.2M
Reported officers
11
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.

Executive compensation, broken down

Form 990 · Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Median to 75th percentile
$150k
$161k
Base
$119k
Bonus
Other
Benefits
$31k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Up 3%
from 2023

From $145k in 2023 to $150k in 2024.

$145k
2023
$150k
2024
In today's dollarsEst.
Up 1% in real terms$160k to $161k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 3% from 2023 to 2024, while revenue rose 23%.

$145k in 2023 to $150k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

AREA EDUCATIONAL CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.1M
$881k
2023
$1.4M
$1.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about AREA EDUCATIONAL CREDIT UNION

What does the Chief Executive Officer of AREA EDUCATIONAL CREDIT UNION earn?

In 2024, the Chief Executive Officer of AREA EDUCATIONAL CREDIT UNION received $150,080 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at AREA EDUCATIONAL CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at AREA EDUCATIONAL CREDIT UNION falls between the median and the 75th percentile.

What are AREA EDUCATIONAL CREDIT UNION's revenue and expenses?

In 2024, AREA EDUCATIONAL CREDIT UNION reported $1.4M in total revenue and $1.2M in total expenses on its IRS Form 990.

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