Dec, 31, 2023 — AMERICU CREDIT UNION is a federally insured state chartered credit union headquartered in ROME, NY with 19 branch locations and about $2.69 billion in total assets. Opened 46 years ago in 1978, AMERICU CREDIT UNION has about 159,998 members and employs 423 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AMERICU CREDIT UNION |
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Address: (Main Office) | 1916 Black River Blvd N ROME, NY 13440-2430 |
Phone: | (315) 356-3000 |
Fax: | (315) 339-2069 |
Website: | https://www.americu.org |
Branches: | 19 branch locations |
Members: | 159,998 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68433 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1978 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,691,301,619 |
CEO/Manager: | Ronald Belle |
Chairperson: | Nicholas Fabrizio |
ASSETS: | $ Amount |
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Cash & Equivalents | 92,008,881 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 17,309,528 |
Real Estate Loans | 1,327,933,572 |
Unsecured Loans | 547,409,641 |
Other Loans | 382,043,686 |
TOTAL LOANS | 2,257,386,899 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,691,456 |
Land And Building | 24,704,260 |
Other Fixed Assets | 2,093,296 |
NCUSIF Deposit | 20,172,170 |
All Other Assets | 0 |
TOTAL ASSETS | 2,691,301,619 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 205,569,275 |
Accounts Payable & Other Liabilities | 15,806,146 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 375,977,285 |
Regular shares | 552,182,862 |
All Other Shares & Deposits | 1,323,196,945 |
TOTAL SHARES & DEPOSITS | 2,251,357,092 |
TOTAL LIABILITIES | 2,472,732,513 |
Regular Reserve | 0 |
Other Reserves | -34,144,351 |
Undivided Earnings | 252,713,457 |
TOTAL EQUITY | 218,569,106 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,691,301,619 |
INCOME & EXPENSE | |
Loan Income | 115,891,247 |
Investment Income | 8,758,006 |
Other Income | 12,577,352 |
Total Employee Compensation & Benefits | 34,803,156 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 43,405,846 |
Non-operating Income & (Expense) | 18,869 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,333,000 |
Cost of Funds | 41,858,621 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 17,884,901 |
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