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MERHO FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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