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AMERICO FEDERAL CREDIT UNION

Dec, 31, 2021 — AMERICO FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 2 branch locations and about $100.01 million in total assets. Opened 63 years ago in 1959, AMERICO FEDERAL CREDIT UNION has about 9,322 members and employs 19 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:9,322
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$100,012,113
CEO/Manager:Christine Bennett
Chairperson:Rose Kuhn

Call Report

  • Payday Alternative Loans (PAL Loans)
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,169,390
TOTAL INVESTMENTS 62,438,129
Loans Held for Sale 0
 
 Real Estate Loans 7,681,841
 Unsecured Loans 2,403,707
 Other Loans 16,506,760
 TOTAL LOANS 26,592,308
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -262,829
 Land And Building 385,943
 Other Fixed Assets 49,397
 NCUSIF Deposit 854,635
 All Other Assets 2,785,140
  TOTAL ASSETS 100,012,113
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 292,905
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,525,869
 Regular shares 35,858,813
 All Other Shares & Deposits 36,838,301
  TOTAL SHARES & DEPOSITS 90,222,983
  TOTAL LIABILITIES 90,515,888
 Regular Reserve 1,471,185
 Other Reserves 433,725
 Undivided Earnings 7,591,315
  TOTAL EQUITY 9,496,225
  TOTAL LIABILITIES, SHARES, & EQUITY 100,012,113
INCOME & EXPENSE  
 Loan Income 1,395,344
 Investment Income 714,814
 Other Income 198,338
 Total Employee Compensation & Benefits 1,003,817
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,453,007
 Non-operating Income & (Expense) 295,175
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 71,111
 Cost of Funds 159,858
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 367,486
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