2016-08-26T13:38:35-05:00 2015-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2015-01-01 472559616 AMERICAN EAGLE FINANCIAL CREDIT UNION AMER 8605695554 417 MAIN STREET EAST HARTFORD CT 06118 DEAN MARCHESSAULT PRESIDENT/CEO 8605695554 2016-08-25 1 DOUGLAS J ORTH P01076394 3052328272 2015 2016-12-15 16:53:06Z DEAN MARCHESSAULT 417 MAIN STREET EAST HARTFORD CT 06118 60295931 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 11 346 19 141433 -95483 0 0 51031870 55970289 4048330 3374812 0 0 55080200 59345101 0 10846 0 0 24243154 26129218 0 0 0 27505508 28774223 51748662 54914287 3331538 4430814 1355546817 1433785963 1227288169 1302549279 128258648 131236684 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 2015, AMERCIAN 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 CT. AEFCU CONTINUED TO FULFILL ITS EXEMPT PURPOSE 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 2015, MEMBERSHIP GREW FROM 107,507 TO 112,363. THERE WERE 12,266 LOANS GRANTED FOR A TOTAL OF $584,819,948. THE CREDIT UNION INCREASED DEPOSIT ACCOUNTS FROM 214,675 TO 226,993 FOR A TOTAL INCREASE IN DEPOSITS OF $71,809,542. 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 30402 0 1 346 1 1 1 0 0 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 897 0 0 RAYMOND C GANDY DIRECTOR 2.00 X 0 0 0 MICHAEL P DEPASQUALE SECRETARY 3.00 X 1687 0 0 KENNETH R WILCZEWSKI DIRECTOR 2.00 X 0 0 0 CATHERINE M BANBURY DIRECTOR 2.00 X 2168 0 0 ANGELA BULL CHAIRPERSON 2.00 X 1350 0 0 JOSEPH R CAMPOSEO DIRECTOR 2.00 X 0 0 0 MICHAEL W HAWMAN TREASURER 2.00 X 0 0 0 MARK P ALLEN V. CHAIRPERSON 4.00 X 1552 0 0 GERALD BENEDETTO DIRECTOR 2.00 X 1308 0 0 D MARCHESSAULT PRESIDENT/CEO 40.00 X 408319 0 11417 J CONANT EVP/CF&RO 40.00 X 396837 0 36617 T KNOX SVP/COO 40.00 X 252245 0 18618 J EVANS SVP/CIO 40.00 X 225986 0 39357 B KENNEDY SVP/CSO 40.00 X 178956 0 28974 S BUSHNIK SVP/CTO 40.00 X 175180 0 23060 E FOX SVP/CLO 40.00 X 240524 0 23669 W DOKAS PRESIDENT/CEO 0.00 X 279604 0 1303 2166613 0 183015 30 1 1 0 OFFICIAL PAYMENTS CORP PO BOX 418410 BOSTON MA 02241 ELECTRONIC TRANSACTION PROCESSING 847214 STRATEGIC INFORMATION RESOURCE 155 BROOKDALE DRIVE SPRINGFIELD MA 01104 MORTGAGE APPRAISAL FILINGS 833555 FIS PO BOX 4535 CAROL STREAM IL 60197 CUMPUTER EQUIPMENT & SOFTWARE 757038 BREAKAWAY LOYALTY LLC 1805 OLD ALABAMA RD STE 250 ROSWELL GA 30076 VISA REWARDS PROGRAM 688234 CENTURY LINK PO BOX 51287 PHOENIX AZ 85076 TELECOMMUNICATIONS 346338 30 INCOME ON LOANS 522100 38871405 38871405 FEES/CHARGES/OTHER 522100 16957451 16957451 UNRELATED BUSINESS INCOME 900099 123321 123321 UNRELATED BUSINESS INCOME 524298 18112 18112 55970289 3335992 3335992 989650 950830 38820 38820 38820 59345101 59203668 141433 0 10846 10846 862152 862152 18264638 18264638 1444775 1444775 3848252 3848252 1709401 1709401 575246 575246 251947 251947 126196 126196 306771 306771 894060 894060 2869201 2869201 3621464 3621464 1683465 1683465 344618 344618 4393385 4393385 123456 123456 1902715 1902715 248145 248145 LOAN SERVICING EXPENSE 4139926 4139926 PROVISION FOR LOAN LOSS 3486228 3486228 MISCELLANEOUS 978415 978415 DEBIT CARD SERVICES 928552 928552 1900433 1900433 54914287 54914287 0 0 5549959 5532561 17353690 34914947 2028333 1972158 4110002 4615000 879933152 1004257387 1010845 918129 36998648 20898073 17516035 16100575 400317331 337645140 4717600 5628500 23009870 22201566 1355546817 1433785963 12226853 15678421 20000000 20000000 1195061316 1266870858 1227288169 1302549279 X 0 0 0 0 128258648 131236684 128258648 131236684 1355546817 1433785963 X 4430814 -21791 -1430987 X 0 1 X 1 0 3292551 3292551 21503055 11598104 9904951 1701853 400106 1301747 10344292 8823757 1520535 156897 76106 80791 16100575 SHARE DRAFTS 226343191 SHARES 312371543 MONEY MARKET 437526620 SHARE AND IRA CERTIFICATS 290629504 1266870858 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) 10846 CHARITABLE CONTRIBUTION 1 X X X 1 1 0 D MARCHESSAULT PRESIDENT/CEO 361069 0 47250 0 0 0 11270 0 147 0 419736 0 0 0 J CONANT EVP/CF&RO 251722 0 45115 0 100000 0 18505 0 18112 0 433454 0 0 0 T KNOX SVP/COO 217416 0 34829 0 0 0 12249 0 6369 0 270863 0 0 0 J EVANS SVP/CIO 191681 0 34305 0 0 0 21860 0 17497 0 265343 0 0 0 B KENNEDY SVP/CSO 161870 0 17086 0 0 0 11544 0 17430 0 207930 0 0 0 S BUSHNIK SVP/CTO 156150 0 19030 0 0 0 10267 0 12793 0 198240 0 0 0 E FOX SVP/CLO 144076 0 39123 0 57325 0 11631 0 12038 0 264193 0 0 0 W DOKAS PRESIDENT/CEO 49738 0 92662 0 137204 0 1303 0 0 0 280907 0 0 0 PART I, LINES 4A-B JOHN C. CONANT RECEIVED A RETENTION BONUS OF $100,000. EDWARD H. FOX - SEVERENCE PAYOUT IN THE AMOUNT OF $57,325. JOHN C. CONANT PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN VALUED AT $193,347 AS OF DECEMBER 31, 2015; DEAN MARCHESSAULT PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN VALUED AT $193,347 AS OF DECEMBER 31, 2015. WILLIAM J. DOKAS, THE FORMER PRESIDENT/CEO, PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN WITH A NET SURRENDER VALUE OF $3,516,603 AS OF DECEMBER 31, 2015. DEAN MARCHESSAULT PRESIDENT/CEO TO FUND LIFE INSURANCE POLICY X 1538722 232500 0 1 1 JOHN C CONANT EVP/CFO TO FUND LIFE INSURANCE POLICY X 1504530 232500 0 1 1 WILLIAM J DOKAS FORMER CEO TO FUND LIFE INSURANCE POLICY X 8400000 4150000 0 1 1 4615000 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A 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 11 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 XI, LINE 9: NET PENSION LOSSES -1,430,987. AMERICAN EAGLE FINANCIAL SERVICES 417 MAIN STREET EAST HARTFORD CT 06118 061552551 FINANCIAL CONSULTING SERVICES CT 1159 481827 AMERICAN EAGLE FINANCIAL CU