2018-11-06T08:24:41-06:00 2017-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2017-01-01 472559616 AMERICAN EAGLE FINANCIAL CREDIT UNION AMER 8605695554 417 MAIN STREET EAST HARTFORD CT 06118 DEAN MARCHESSAULT PRESIDENT/CEO 8605695554 2018-11-01 1 DOUGLAS J ORTH P01076394 3052328272 64.95.240.2 2018-11-01 13:06:31 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2017 2019-02-21 02:37:17Z DEAN MARCHESSAULT 417 MAIN STREET EAST HARTFORD CT 06118 71166306 0 X WWW.AMERICANEAGLE.ORG X 1935 CT AMERICAN EAGLE FINANCIAL CREDIT UNION PROVIDES FINANCIAL SERVICES IN THE FORM OF LOANS AND DEPOSIT PRODUCTS THAT HELP ITS MEMBERSHIP ACHIEVE THEIR FINANCIAL GOALS. 11 11 355 15 112532 -25367 0 0 58280842 65890220 2910560 2492800 2473819 1265779 63665221 69648799 12053 35976 0 0 25389741 27386680 0 0 0 30302080 31350222 55703874 58772878 7961347 10875921 1534734502 1657050458 1395932761 1506994376 138801741 150056082 X OUR MISSION IS TO BE A PROGRESSIVE FINANCIAL INSTITUTION PROVIDING COMPETITIVE PRODUCTS AND SERVICES AND AN OUTSTANDING CONSULTATIVE SERVICE EXPERIENCE THAT SURPASSES MEMBER EXPECTATIONS. 0 0 DURING 2017, 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 HAEN, AND MIDDLESEX COUNTIES IN CT. 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 2017, MEMBERSHIP GREW FROM 121,916 TO 131,367 MEMBERS. THERE WERE 17,043 LOANS GRANTED TOTALING $688,628,670. DEPOSITS GREW FROM 243,277 ACCOUNTS TO 261,255 ACCOUNTS FOR A TOTAL INCREASE IN DEPOSITS OF $110,273,777. AEFCU ALSO CONDUCTED SEMINARS FOR ITS MEMBERSHIP THAT RANGED FROM FINANCIAL LITERACY TO FIRST TIME HOME BUYING. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 28566 0 1 355 1 1 1 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOHN CONANT 8605695522 417 MAIN STREET EAST HARTFORD CT 06118 A LISA BURGARELLA DIRECTOR 2.00 X 0 0 0 KENNETH D STEVENSON DIRECTOR 2.00 X 0 0 0 RAYMOND C GANDY VICE CHAIRPERSON 2.00 X 0 0 0 MICHAEL P DEPASQUALE VICE CHAIRPERSON 3.00 X 0 0 0 ALLISON W BURCH DIRECTOR 2.00 X 0 0 0 CATHERINE M BANBURY DIRECTOR 2.00 X 0 0 0 ANGELA BULL DIRECTOR 2.00 X 0 0 0 JOSEPH R CAMPOSEO DIRECTOR 2.00 X 0 0 0 MICHAEL W HAWMAN DIRECTOR 2.00 X 0 0 0 MARK P ALLEN CHAIRPERSON 4.00 X 0 0 0 GERALD BENEDETTO DIRECTOR 2.00 X 0 0 0 D MARCHESSAULT PRESIDENT/CEO 40.00 X 573523 0 12948 J CONANT EVP/CFO 40.00 X 334971 0 27769 T KNOX SVP/COO 40.00 X 333186 0 16051 J EVANS SVP/CIO 40.00 X 254423 0 42720 B KENNEDY SVP/CSO 40.00 X 215360 0 22798 S BUSHNIK SVP/CTO 40.00 X 215346 0 21606 H BRADY SVP/CLO 40.00 X 258232 0 41515 2185041 0 185407 34 0 1 0 FIS PO BOX 4535 CAROL STREAM IL 60197 COMPUTER EQUIPMENT & SOFTWARE 2224911 FISERV INC PO BOX 99924 GRAPEVINE TX 76099 SOFTWARE 989798 STRATEGIC INFORMATION RESOURCE 155 BROOKDALE DRIVE SPRINGFIELD MA 01104 MORTGAGE APPRAISAL FILINGS 836088 CENTURY LINK COMMUNICATION LLC 665 LEXINGTON AVE MANSFIELD OH 44907 TELECOMMUNICATIONS 549961 DIEBOLD INC PO BOX 64353 PITTSBURGH PA 15264 ATM & POS SERVICES 445964 36 INCOME ON LOANS 522100 48197683 48197683 FEES/CHARGES/OTHER 522100 17580005 17580005 UNRELATED BUSINESS INCOME 900099 109372 109372 UNRELATED BUSINESS INCOME 524298 3160 3160 65890220 2523707 2523707 1486600 1517507 -30907 -30907 -30907 GAINS ON LOANS 522100 1265779 1265779 1265779 69648799 67012560 112532 2523707 X 35976 949211 19670624 1535016 3852269 1379560 681568 197549 121020 456223 979921 3451964 3349512 2529527 435591 5873628 122762 1978022 152980 PROVISION FOR LOAN LOSS 4625000 LOAN SERVICING EXPENSE 3136910 REPAIRS AND MAINTENANCE 1000921 DEBIT CARD SERVICES 964205 1292919 58772878 5149720 7116215 114504387 181890206 2122962 1406671 12612768 19312768 1184793271 1357381506 800020 1183883 44823825 22796013 15756882 22027812 172321536 39106437 4167500 3777300 22505456 23847660 1534734502 1657050458 18308473 19096311 20000000 20000000 1357624288 1467898065 1395932761 1506994376 X 0 0 0 0 138801741 150056082 138801741 150056082 1534734502 1657050458 X 10875921 62803 315617 X X 0 1 X 1 0 3292551 3292551 28519575 13503361 15016214 1701853 632218 1069635 11108650 8567573 2541077 201196 92861 108335 22027812 SHARE DRAFTS 284477371 SHARES 372764475 MONEY MARKET 398552063 SHARE AND IRA CERTIFICATS 412104156 1467898065 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAX TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. FEDERAL CREDIT UNIONS ARE TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTIONS 501(C)(14)(A) AND 501(C)(1)(A)(I). AS SUCH, THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. 0 THE UNITED WAY OF AMERICA 701 N FAIRFAX STREET ALEXANDRIA VA 22314 131635294 501(C)(3) 5976 BOOK CHARITABLE CONTRIBUTION 7 X X X 0 1 0 D MARCHESSAULT PRESIDENT/CEO 437398 0 136125 0 0 0 5382 0 7566 0 586471 0 0 0 J CONANT EVP/CFO 268183 0 66788 0 0 0 18716 0 9053 0 362740 0 0 0 T KNOX SVP/COO 276731 0 56455 0 0 0 6438 0 9613 0 349237 0 0 0 J EVANS SVP/CIO 203438 0 50985 0 0 0 17030 0 25690 0 297143 0 0 0 B KENNEDY SVP/CSO 171924 0 43436 0 0 0 16942 0 5856 0 238158 0 0 0 S BUSHNIK SVP/CTO 173263 0 42083 0 0 0 12457 0 9149 0 236952 0 0 0 H BRADY SVP/CLO 206257 0 51975 0 0 0 17041 0 24474 0 299747 0 0 0 PART I, LINE 4B JOHN C. CONANT, DEAN MARCHESSAULT, HOWARD BRADY, JAMES EVANS, AND BRIAN KENNEDY PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THE CASH SURRENDER VALUE OF THE POLICIES AS OF DECEMBER 31, 2017 ARE AS FOLLOWS $899,877, $1,457,142, $293,003, $358,888, AND $239,214, RESPECTIVELY. WILLIAM J. DOKAS, THE FORMER PRESIDENT/CEO, PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN WITH A NET SURRENDER VALUE OF $3,520,821 AS OF DECEMBER 31, 2017. DEAN MARCHESSAULT PRESIDENT/CEO SPLIT DOLLAR X 5130000 5133128 0 1 1 JOHN CONANT EVP/CFO SPLIT DOLLAR X 3330000 3329640 0 1 1 WILLIAM J DOKAS FORMER CEO SPLIT DOLLAR X 8400000 4150000 0 1 1 HOWARD BRADY SPLIT DOLLAR X 2200000 2200000 0 1 1 JAMES EVANS SPLIT DOLLAR X 2700000 2700000 0 1 1 BRIAN KENNEDY SPLIT DOLLAR X 1800000 1800000 0 1 1 19312768 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. MEMBERSHIP VOTES AT AN ANNUAL MEETING TO SELECT 3 BOARD MEMBERS EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE GIVEN TO THE BOARD OF DIRECTORS AS AN AGENDA ITEM AND REVIEWED AT THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES, OFFICERS AND DIRECTORS OF THE CREDIT UNION ARE ASKED TO DISCLOSE ALL SHARE AND LOAN ACCOUNTS AT THE CREDIT UNION THAT THEY HAVE AN INTEREST IN ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION UTILIZES AN OUTSIDE CONSULTANT TO PERFORM AN INDEPENDENT COMPENSATION SURVEY FOR ALL OFFICER LEVEL POSITIONS EVERY 2 YEARS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON WWW.NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 24E FRAUD LOSSES 742,827. MISCELLANEOUS 415,412. OPERATING FEES 79,072. PERSONAL PROPERTY TAX EXPENSE 55,608. FORM 990, PART XI, LINE 9: NET PENSION GAINS 315,617. - FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. AMERICAN EAGLE FINANCIAL SERVICES LLC 417 MAIN STREET EAST HARTFORD CT 06118 061552551 FINANCIAL CONSULTING SERVICES CT 8236 489350 AMERICAN EAGLE FINANCIAL CU AEF REALTY LLC 333 EAST RIVER DRIVE EAST HARTFORD CT 06108 371864912 PROPERTY MANAGEMENT SERVICES CT 77519 8801082 AMERICAN EAGLE FINANCIAL CU