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 |
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 |
↑ Back to Top |