Jun, 30, 2021 — MERHO FEDERAL CREDIT UNION is a federal credit union headquartered in JOHNSTOWN, PA with 2 branch locations and about $58.14 million in total assets. Opened 49 years ago in 1972, MERHO FEDERAL CREDIT UNION has about 5,005 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 |
|---|---|
| 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: | 5,005 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,136,661 |
| CEO/Manager: | Karen A Walker |
| Chairperson: | Jerry Pavlosky |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,446,275 |
| TOTAL INVESTMENTS | 39,265,840 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,386,199 |
| Unsecured Loans | 2,563,699 |
| Other Loans | 6,411,572 |
| TOTAL LOANS | 16,361,470 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -65,256 |
| Land And Building | 376,437 |
| Other Fixed Assets | 162,510 |
| NCUSIF Deposit | 491,332 |
| All Other Assets | 98,053 |
| TOTAL ASSETS | 58,136,661 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 84,884 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,443,857 |
| Regular shares | 30,582,122 |
| All Other Shares & Deposits | 12,528,553 |
| TOTAL SHARES & DEPOSITS | 52,554,532 |
| TOTAL LIABILITIES | 52,639,416 |
| Regular Reserve | 655,647 |
| Other Reserves | 0 |
| Undivided Earnings | 4,841,598 |
| TOTAL EQUITY | 5,497,245 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,136,661 |
| INCOME & EXPENSE | |
| Loan Income | 346,354 |
| Investment Income | 206,803 |
| Other Income | 149,495 |
| Total Employee Compensation & Benefits | 259,825 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 373,744 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,884 |
| Cost of Funds | 76,052 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 47,712 |
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