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 |
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