At AEA, our members remain our highest priority and we value your confidence in us. Given recent financial sector news, we want to take a moment to provide you with the peace of mind by emphasizing the strength and stability of your credit union, and to assure you that your funds are safe, secure, and readily available.
AEA has been in business for 80-years and we are exceptionally proud of our history and growth, adaptability, and prudent decision-making. AEA is financially healthy, with $365 million in assets, strong reserves, and abundant liquidity. In fact, AEA is well capitalized at levels above guidelines set by federal regulators. Rest assured; your funds are insured up to $250,000 per individual depositor by National Credit Union Insurance Funds (NCUSIF).
At AEA, we conservatively invest in our members. Recent news reports regarding troubles at two U.S. banks indicate their challenges stem from their dependence on startups, tech companies, and cryptocurrencies. AEA is not involved with cryptocurrencies and does not have a concentration of deposits or loans in any one industry or sector. AEA’s members are local individuals, families, and businesses that we have steadily served for over 80-years.
AEA is proud of our financial strength and stability, and service to the community. We look forward to continuing that commitment for many more decades to come.
President and CEO