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AMERICO FEDERAL CREDIT UNION

Dec, 31, 2020 — AMERICO FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 2 branch locations and about $88.69 million in total assets. Opened 62 years ago in 1959, AMERICO FEDERAL CREDIT UNION has about 8,615 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:8,615
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:$88,688,542
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 7,030,980
TOTAL INVESTMENTS 50,821,220
Loans Held for Sale 0
 
 Real Estate Loans 7,631,916
 Unsecured Loans 2,622,816
 Other Loans 16,931,259
 TOTAL LOANS 27,185,991
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -308,100
 Land And Building 417,479
 Other Fixed Assets 81,215
 NCUSIF Deposit 757,036
 All Other Assets 2,702,721
  TOTAL ASSETS 88,688,542
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 224,113
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 15,602,348
 Regular shares 32,103,844
 All Other Shares & Deposits 31,629,498
  TOTAL SHARES & DEPOSITS 79,335,690
  TOTAL LIABILITIES 79,559,803
 Regular Reserve 1,471,186
 Other Reserves 433,725
 Undivided Earnings 7,223,828
  TOTAL EQUITY 9,128,739
  TOTAL LIABILITIES, SHARES, & EQUITY 88,688,542
INCOME & EXPENSE  
 Loan Income 1,500,333
 Investment Income 913,724
 Other Income 371,414
 Total Employee Compensation & Benefits 999,237
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,227,257
 Non-operating Income & (Expense) 131,605
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 267,457
 Cost of Funds 230,823
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 192,302
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