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 |
| 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 |
| ↑ Back to Top | |