Area Educational Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 523,893 | 475,887 | 48,006 | 126.9 | 36% |
| 2012 | 484,508 | 436,381 | 48,127 | 139.7 | 40% |
| 2013 | 448,706 | 401,305 | 47,401 | 153.4 | 45% |
| 2014 | 452,992 | 404,082 | 48,910 | 153.8 | 46% |
| 2015 | 496,829 | 386,788 | 110,041 | 164.1 | 49% |
| 2016 | 533,098 | 434,891 | 98,207 | 148.6 | 46% |
| 2017 | 540,152 | 441,259 | 98,893 | 149.2 | 47% |
| 2018 | 655,418 | 567,021 | 88,397 | 118.0 | 40% |
| 2019 | 776,092 | 627,485 | 148,607 | 109.4 | 39% |
| 2020 | 707,980 | 648,986 | 58,994 | 106.9 | 40% |
| 2021 | 588,144 | 554,120 | 34,024 | 125.9 | 48% |
| 2022 | 826,149 | 689,539 | 136,610 | 103.6 | 42% |
| 2023 | 1,134,201 | 880,576 | 253,625 | 84.6 | 33% |
In its most recent public year (2023), this organization brought in $253,625 more than it spent. Its reserves stood at about 84.6 months of spending, down from 126.9 in 2011. Staff pay was 33% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Area Educational Credit Union's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works