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MERHO FEDERAL CREDIT UNION

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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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