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.
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 |
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 |
↑ Back to Top |