American Eagle Financial Credit Union
Nonprofit profile at a glance
- EIN
- 472559616
- IRS 990 coverage
- 2015–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Wethersfield, CT, US
- Phone
- 860-726-5300
- Rating confidence
- Limited
- Sector
- Credit Unions
Reported finances
- Revenue
- $127,109,502
- Expenses
- $116,502,228
- Assets
- $2,553,224,116
- Liabilities
- $2,302,542,324
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- HOWARD BRADY (PRESIDENT/CEO)
- ANN RILEY (VICE PRESIDENT PROCESS EXCELLENCE)
Highest reported compensation
- HOWARD BRADY (PRESIDENT/CEO): $854,686 total reported compensation
- BRIAN KENNEDY (EVP/CS&RO): $555,788 total reported compensation
- DIANNA WILSON (SVP/CX&LO): $428,181 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide financial products and services that meet the needs of our members while maintaining the highest level of service and convenience.
What it reported doing in 2024
During 2024, american eagle financial credit union (aefcu), a state-chartered credit union located in the state of Connecticut, provided financial services to members who live, work, worship, or attend school in the hartford, tolland, new haven, and middlesex counties in Connecticut. Aefcu continued to fulfill its exempt status by providing credit at fair and reasonable rates of interest, offering competitive share deposit products, and providing members with the opportunity to improve their economic condition. In 2024, membership grew from 183,386 to 187,792 members. There were 7,757 loans granted during the year totaling approximately $245,033,000. Deposits grew from 367,429 accounts to 375,355 accounts. Total deposits as of december 31, 2024 approximated $2,255,432,000. Aefcu also conducted seminars for its membership that ranged from financial literacy to first time home buying.
Operating model
- Revenue model
- Earned-program. 69% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 85
- Accountability: 100
- Sustainability: 65
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 6th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 97.3%; rating input score 97; 32nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.3%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 21.92; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.9; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 4.2%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7.9% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 7.1% per year; rating input score 100; 52nd percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $855K · 23 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $9.3M reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 46 filed money-flow records
- Related organizations: 15 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- High — Sustainability: Officer compensation ratio scored 24/100.