AKRON MUNICIPAL EMPLOYEE'S CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.ci.akron.oh.us/amecu for more information.
Jun, 30, 2024 — AKRON MUNICIPAL EMPLOYEE'S CREDIT UNION is a federally insured state chartered credit union headquartered in Akron, OH with 1 branch location and about $6.41 million in total assets. Opened 84 years ago in 1940, AKRON MUNICIPAL EMPLOYEE'S CREDIT UNION has about 1,126 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AKRON MUNICIPAL EMPLOYEE'S CREDIT UNION |
|---|---|
| Address: (Main Office) | 146 S High St, Concourse Level Akron, OH 44308-1421 |
| Phone: | (330) 664-4721 |
| Fax: | (330) 664-4799 |
| Website: | https://www.ci.akron.oh.us/amecu |
| Branches: | 1 branch locations |
| Members: | 1,126 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63084 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jun 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,411,665 |
| CEO/Manager: | Rose Bartolomucci |
| Chairperson: | Anthony R White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,987,455 |
| TOTAL INVESTMENTS | 1,934,541 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 298,328 |
| Other Loans | 1,090,215 |
| TOTAL LOANS | 1,388,543 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,907 |
| Land And Building | 1,049 |
| Other Fixed Assets | 55,796 |
| NCUSIF Deposit | 58,088 |
| All Other Assets | 3,100 |
| TOTAL ASSETS | 6,411,665 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,725 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 582,014 |
| Regular shares | 4,741,091 |
| All Other Shares & Deposits | 562,842 |
| TOTAL SHARES & DEPOSITS | 5,885,947 |
| TOTAL LIABILITIES | 5,891,672 |
| Regular Reserve | 187,041 |
| Other Reserves | 0 |
| Undivided Earnings | 332,952 |
| TOTAL EQUITY | 519,993 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,411,665 |
| INCOME & EXPENSE | |
| Loan Income | 128,904 |
| Investment Income | 45,732 |
| Other Income | 14,040 |
| Total Employee Compensation & Benefits | 109,785 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 155,813 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,500 |
| Cost of Funds | 5,588 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -95,010 |
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