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AKRON MUNICIPAL EMPLOYEE'S CREDIT UNION

Dec, 31, 2023 — AKRON MUNICIPAL EMPLOYEE'S CREDIT UNION is a federally insured state chartered credit union headquartered in Akron, OH with 1 branch location and about $6.41 million in total assets. Opened 84 years ago in 1940, AKRON MUNICIPAL EMPLOYEE'S CREDIT UNION has about 1,126 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:AKRON MUNICIPAL EMPLOYEE'S CREDIT UNION
Address:
(Main Office)
146 S High St, Concourse Level
Akron, OH 44308-1421
Phone:(330) 664-4721
Fax:(330) 664-4799
Website:https://www.ci.akron.oh.us/amecu
Branches:1 branch locations
Members:1,126
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63084
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1940
Last Audited:Jun 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$6,411,665
CEO/Manager:Rose Bartolomucci
Chairperson:Anthony R White

Call Report

  • ATM/Debit Card Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,987,455
TOTAL INVESTMENTS 1,934,541
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 298,328
 Other Loans 1,090,215
 TOTAL LOANS 1,388,543
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -16,907
 Land And Building 1,049
 Other Fixed Assets 55,796
 NCUSIF Deposit 58,088
 All Other Assets 3,100
  TOTAL ASSETS 6,411,665
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,725
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 582,014
 Regular shares 4,741,091
 All Other Shares & Deposits 562,842
  TOTAL SHARES & DEPOSITS 5,885,947
  TOTAL LIABILITIES 5,891,672
 Regular Reserve 187,041
 Other Reserves 0
 Undivided Earnings 332,952
  TOTAL EQUITY 519,993
  TOTAL LIABILITIES, SHARES, & EQUITY 6,411,665
INCOME & EXPENSE  
 Loan Income 128,904
 Investment Income 45,732
 Other Income 14,040
 Total Employee Compensation & Benefits 109,785
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 155,813
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 12,500
 Cost of Funds 5,588
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -95,010
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