Dec, 31, 2021 — MERHO FEDERAL CREDIT UNION is a federal credit union headquartered in JOHNSTOWN, PA with 2 branch locations and about $58.30 million in total assets. Opened 50 years ago in 1972, MERHO FEDERAL CREDIT UNION has about 4,930 members and employs 10 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: | 4,930 |
| 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: | $58,302,451 |
| CEO/Manager: | Karen A Walker |
| Chairperson: | Jerry Pavlosky |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,445,024 |
| TOTAL INVESTMENTS | 37,300,064 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,340,080 |
| Unsecured Loans | 2,543,448 |
| Other Loans | 7,304,839 |
| TOTAL LOANS | 17,188,367 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -65,854 |
| Land And Building | 375,791 |
| Other Fixed Assets | 136,024 |
| NCUSIF Deposit | 522,448 |
| All Other Assets | 400,587 |
| TOTAL ASSETS | 58,302,451 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 76,731 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,088,697 |
| Regular shares | 31,172,081 |
| All Other Shares & Deposits | 11,327,845 |
| TOTAL SHARES & DEPOSITS | 52,588,623 |
| TOTAL LIABILITIES | 52,665,354 |
| Regular Reserve | 655,647 |
| Other Reserves | 0 |
| Undivided Earnings | 4,981,450 |
| TOTAL EQUITY | 5,637,097 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,302,451 |
| INCOME & EXPENSE | |
| Loan Income | 689,276 |
| Investment Income | 402,475 |
| Other Income | 299,344 |
| Total Employee Compensation & Benefits | 520,372 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 722,031 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,984 |
| Cost of Funds | 135,365 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 187,564 |
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