Mar, 31, 2022 — MERHO FEDERAL CREDIT UNION is a federal credit union headquartered in JOHNSTOWN, PA with 2 branch locations and about $58.96 million in total assets. Opened 50 years ago in 1972, MERHO FEDERAL CREDIT UNION has about 4,902 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MERHO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 15 Irene St JOHNSTOWN, PA 15905-4124 |
| Phone: | (814) 535-3116 |
| Fax: | (814) 539-5090 |
| Website: | http://www.merhofcu.org |
| Branches: | 2 branch locations |
| Members: | 4,902 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20921 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,957,136 |
| CEO/Manager: | Karen A Walker |
| Chairperson: | Jerry Pavlosky |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,302,465 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,351,604 |
| Unsecured Loans | 2,395,517 |
| Other Loans | 7,445,863 |
| TOTAL LOANS | 17,192,984 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -62,618 |
| Land And Building | 370,487 |
| Other Fixed Assets | 123,260 |
| NCUSIF Deposit | 522,448 |
| All Other Assets | 0 |
| TOTAL ASSETS | 58,957,136 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 103,328 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,527,864 |
| Regular shares | 32,424,287 |
| All Other Shares & Deposits | 11,095,581 |
| TOTAL SHARES & DEPOSITS | 53,047,732 |
| TOTAL LIABILITIES | 53,151,060 |
| Regular Reserve | 0 |
| Other Reserves | 655,647 |
| Undivided Earnings | 5,150,429 |
| TOTAL EQUITY | 5,806,076 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,957,136 |
| INCOME & EXPENSE | |
| Loan Income | 166,104 |
| Investment Income | 95,455 |
| Other Income | 76,051 |
| Total Employee Compensation & Benefits | 139,144 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 181,118 |
| Non-operating Income & (Expense) | 138,738 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 26,525 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 168,980 |
| ↑ Back to Top | |