Dec, 31, 2023 — AMERICU CREDIT UNION is a federally insured state chartered credit union headquartered in ROME, NY with 19 branch locations and about $2.69 billion in total assets. Opened 46 years ago in 1978, AMERICU CREDIT UNION has about 159,998 members and employs 423 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: | 159,998 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,691,301,619 |
| CEO/Manager: | Ronald Belle |
| Chairperson: | Nicholas Fabrizio |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 92,008,881 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 17,309,528 |
| Real Estate Loans | 1,327,933,572 |
| Unsecured Loans | 547,409,641 |
| Other Loans | 382,043,686 |
| TOTAL LOANS | 2,257,386,899 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,691,456 |
| Land And Building | 24,704,260 |
| Other Fixed Assets | 2,093,296 |
| NCUSIF Deposit | 20,172,170 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,691,301,619 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 205,569,275 |
| Accounts Payable & Other Liabilities | 15,806,146 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 375,977,285 |
| Regular shares | 552,182,862 |
| All Other Shares & Deposits | 1,323,196,945 |
| TOTAL SHARES & DEPOSITS | 2,251,357,092 |
| TOTAL LIABILITIES | 2,472,732,513 |
| Regular Reserve | 0 |
| Other Reserves | -34,144,351 |
| Undivided Earnings | 252,713,457 |
| TOTAL EQUITY | 218,569,106 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,691,301,619 |
| INCOME & EXPENSE | |
| Loan Income | 115,891,247 |
| Investment Income | 8,758,006 |
| Other Income | 12,577,352 |
| Total Employee Compensation & Benefits | 34,803,156 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 43,405,846 |
| Non-operating Income & (Expense) | 18,869 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,333,000 |
| Cost of Funds | 41,858,621 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,884,901 |
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