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MERHO FEDERAL CREDIT UNION

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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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