Dec, 31, 2023 — AMERICO FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 2 branch locations and about $88.42 million in total assets. Opened 65 years ago in 1959, AMERICO FEDERAL CREDIT UNION has about 7,859 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AMERICO FEDERAL CREDIT UNION |
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Address: (Main Office) | 4101 Main St ERIE, PA 16511 |
Phone: | (814) 899-6608 |
Fax: | (814) 899-6005 |
Website: | https://www.americofcu.com |
Branches: | 2 branch locations |
Members: | 7,859 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12752 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $88,420,318 |
CEO/Manager: | Christine Bennett |
Chairperson: | Linda Best |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,214,700 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,283,519 |
Unsecured Loans | 2,695,662 |
Other Loans | 19,852,814 |
TOTAL LOANS | 30,831,995 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -192,771 |
Land And Building | 334,144 |
Other Fixed Assets | 27,938 |
NCUSIF Deposit | 814,038 |
All Other Assets | 0 |
TOTAL ASSETS | 88,420,318 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 415,319 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,712,230 |
Regular shares | 32,722,562 |
All Other Shares & Deposits | 28,965,745 |
TOTAL SHARES & DEPOSITS | 78,400,537 |
TOTAL LIABILITIES | 78,815,856 |
Regular Reserve | 0 |
Other Reserves | 433,725 |
Undivided Earnings | 9,170,737 |
TOTAL EQUITY | 9,604,462 |
TOTAL LIABILITIES, SHARES, & EQUITY | 88,420,318 |
INCOME & EXPENSE | |
Loan Income | 1,711,888 |
Investment Income | 589,865 |
Other Income | 194,540 |
Total Employee Compensation & Benefits | 1,030,358 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,754,912 |
Non-operating Income & (Expense) | 28,121 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,867 |
Cost of Funds | 338,702 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 37,569 |
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