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 |
| 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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