Mar, 31, 2021 — MERHO FEDERAL CREDIT UNION is a federal credit union headquartered in JOHNSTOWN, PA with 2 branch locations and about $58.70 million in total assets. Opened 49 years ago in 1972, MERHO FEDERAL CREDIT UNION has about 5,015 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: | 5,015 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,696,299 |
| CEO/Manager: | Karen A Walker |
| Chairperson: | Jerry Pavlosky |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,826,270 |
| TOTAL INVESTMENTS | 36,827,840 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,640,044 |
| Unsecured Loans | 2,634,584 |
| Other Loans | 6,682,005 |
| TOTAL LOANS | 16,956,633 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -71,692 |
| Land And Building | 377,182 |
| Other Fixed Assets | 175,461 |
| NCUSIF Deposit | 470,738 |
| All Other Assets | 133,867 |
| TOTAL ASSETS | 58,696,299 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 93,173 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,430,827 |
| Regular shares | 29,660,602 |
| All Other Shares & Deposits | 13,037,083 |
| TOTAL SHARES & DEPOSITS | 53,128,512 |
| TOTAL LIABILITIES | 53,221,685 |
| Regular Reserve | 655,647 |
| Other Reserves | 0 |
| Undivided Earnings | 4,818,967 |
| TOTAL EQUITY | 5,474,614 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,696,299 |
| INCOME & EXPENSE | |
| Loan Income | 175,868 |
| Investment Income | 102,271 |
| Other Income | 70,510 |
| Total Employee Compensation & Benefits | 134,930 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 180,533 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,884 |
| Cost of Funds | 38,081 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 25,080 |
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