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ARMCO CREDIT UNION

Dec, 31, 2023 — ARMCO CREDIT UNION is a federally insured state chartered credit union headquartered in BUTLER, PA with 4 branch locations and about $532.89 million in total assets. Opened 89 years ago in 1935, ARMCO CREDIT UNION has about 40,633 members and employs 90 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 243379925
Name:ARMCO CREDIT UNION
Address:
(Main Office)
101 Hollywood Dr
BUTLER, PA 16001-7607
Phone:(724) 284-2020
Fax:(724) 285-6158
Website:https://www.armcocu.com
Branches:4 branch locations
Members:40,633
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:65291
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1935
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$532,888,507
CEO/Manager:Randall W Cypher
Chairperson:James A Hrabosky

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 50,288,439
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 214,986,496
 Unsecured Loans 27,512,429
 Other Loans 209,907,683
 TOTAL LOANS 456,296,099
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,229,303
 Land And Building 11,395,735
 Other Fixed Assets 862,012
 NCUSIF Deposit 4,433,214
 All Other Assets 0
  TOTAL ASSETS 532,888,507
LIABILITIES & CAPITAL:  
 Dividends Payable 597,869
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,518,971
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 80,416,023
 Regular shares 276,363,232
 All Other Shares & Deposits 99,201,148
  TOTAL SHARES & DEPOSITS 455,980,404
  TOTAL LIABILITIES 458,097,244
 Regular Reserve 0
 Other Reserves -3,650,691
 Undivided Earnings 78,441,954
  TOTAL EQUITY 74,791,263
  TOTAL LIABILITIES, SHARES, & EQUITY 532,888,507
INCOME & EXPENSE  
 Loan Income 19,284,398
 Investment Income 1,177,454
 Other Income 3,767,503
 Total Employee Compensation & Benefits 7,275,549
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,858,723
 Non-operating Income & (Expense) -6,074
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 331,860
 Cost of Funds 5,109,047
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,566,639
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