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AMERICO FEDERAL CREDIT UNION

Mar, 31, 2021 — AMERICO FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 2 branch locations and about $96.07 million in total assets. Opened 62 years ago in 1959, AMERICO FEDERAL CREDIT UNION has about 8,489 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:AMERICO FEDERAL CREDIT UNION
Address:
(Main Office)
4101 MAIN ST
ERIE, PA 16511
Phone:(814) 899-6608
Fax:(814) 899-6005
Website:http://www.americofcu.com
Branches:2 branch locations
Members:8,489
Credit Union Type:Federal Credit Union
Charter Number:12752
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1959
Last Audited:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$96,069,036
CEO/Manager:Christine Bennett
Chairperson:Rose Kuhn

Call Report

  • Indirect Consumer Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,965,628
TOTAL INVESTMENTS 54,871,170
Loans Held for Sale 0
 
 Real Estate Loans 7,444,127
 Unsecured Loans 2,383,895
 Other Loans 16,745,876
 TOTAL LOANS 26,573,898
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -309,079
 Land And Building 409,506
 Other Fixed Assets 72,782
 NCUSIF Deposit 757,036
 All Other Assets 2,728,095
  TOTAL ASSETS 96,069,036
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 278,790
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 18,830,056
 Regular shares 34,844,497
 All Other Shares & Deposits 32,951,987
  TOTAL SHARES & DEPOSITS 86,626,540
  TOTAL LIABILITIES 86,905,330
 Regular Reserve 1,471,186
 Other Reserves 433,725
 Undivided Earnings 7,258,795
  TOTAL EQUITY 9,163,706
  TOTAL LIABILITIES, SHARES, & EQUITY 96,069,036
INCOME & EXPENSE  
 Loan Income 345,225
 Investment Income 192,681
 Other Income 43,894
 Total Employee Compensation & Benefits 236,896
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 284,000
 Non-operating Income & (Expense) 6,361
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 41,492
 Cost of Funds 38,834
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 34,968
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