Dec, 31, 2023 — MERHO FEDERAL CREDIT UNION is a federal credit union headquartered in JOHNSTOWN, PA with 2 branch locations and about $57.73 million in total assets. Opened 52 years ago in 1972, MERHO FEDERAL CREDIT UNION has about 4,734 members and employs 11 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 |
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Address: (Main Office) | 15 Irene St JOHNSTOWN, PA 15905-4124 |
Phone: | (814) 535-3116 |
Fax: | (814) 539-5090 |
Website: | https://www.merhofcu.org |
Branches: | 2 branch locations |
Members: | 4,734 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20921 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $57,727,762 |
CEO/Manager: | Karen A Walker |
Chairperson: | Jerry Pavlosky |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,530,241 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,356,229 |
Unsecured Loans | 2,519,992 |
Other Loans | 9,418,374 |
TOTAL LOANS | 19,294,595 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -108,562 |
Land And Building | 333,810 |
Other Fixed Assets | 79,770 |
NCUSIF Deposit | 519,840 |
All Other Assets | 0 |
TOTAL ASSETS | 57,727,762 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 143,956 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,975,165 |
Regular shares | 28,761,398 |
All Other Shares & Deposits | 12,908,855 |
TOTAL SHARES & DEPOSITS | 51,645,420 |
TOTAL LIABILITIES | 51,789,376 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,938,386 |
TOTAL EQUITY | 5,938,386 |
TOTAL LIABILITIES, SHARES, & EQUITY | 57,727,762 |
INCOME & EXPENSE | |
Loan Income | 893,273 |
Investment Income | 471,816 |
Other Income | 325,394 |
Total Employee Compensation & Benefits | 545,355 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 775,264 |
Non-operating Income & (Expense) | 9,039 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,200 |
Cost of Funds | 302,823 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 128,529 |
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