Jun, 30, 2024 — AMERICU CREDIT UNION is a federally insured state chartered credit union headquartered in ROME, NY with 19 branch locations and about $2.71 billion in total assets. Opened 46 years ago in 1978, AMERICU CREDIT UNION has about 160,562 members and employs 395 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMERICU CREDIT UNION |
|---|---|
| Address: (Main Office) | 1916 Black River Blvd N ROME, NY 13440-2430 |
| Phone: | (315) 356-3000 |
| Fax: | (315) 339-2069 |
| Website: | https://www.americu.org |
| Branches: | 19 branch locations |
| Members: | 160,562 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68433 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,712,721,568 |
| CEO/Manager: | Ronald Belle |
| Chairperson: | John A Stevenson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 142,273,106 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 987,326 |
| Real Estate Loans | 1,261,054,303 |
| Unsecured Loans | 562,503,588 |
| Other Loans | 384,709,698 |
| TOTAL LOANS | 2,208,267,589 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,286,672 |
| Land And Building | 24,636,276 |
| Other Fixed Assets | 4,542,674 |
| NCUSIF Deposit | 19,837,556 |
| All Other Assets | 669,534 |
| TOTAL ASSETS | 2,712,721,568 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 225,000,000 |
| Accounts Payable & Other Liabilities | 15,849,174 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 367,133,321 |
| Regular shares | 624,701,227 |
| All Other Shares & Deposits | 1,295,927,014 |
| TOTAL SHARES & DEPOSITS | 2,287,761,562 |
| TOTAL LIABILITIES | 2,528,610,736 |
| Regular Reserve | 0 |
| Other Reserves | -45,425,358 |
| Undivided Earnings | 229,536,190 |
| TOTAL EQUITY | 184,110,832 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,712,721,568 |
| INCOME & EXPENSE | |
| Loan Income | 67,887,125 |
| Investment Income | 3,899,035 |
| Other Income | 11,356,392 |
| Total Employee Compensation & Benefits | 20,805,118 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,556,836 |
| Non-operating Income & (Expense) | 3,693 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,371,000 |
| Cost of Funds | 11,300,842 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 28,766,320 |
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