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MERHO FEDERAL CREDIT UNION

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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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