1. Banks
  2. Americo Federal Credit Union

Americo Federal Credit Union


Overview / Commentary
www.americofcu.com
814-899-6608
4101 Main St
Erie, PA 16511

Americo Federal Credit Union is headquartered in Erie and is the 85th largest credit union in the state of Pennsylvania. It is also the 1,896th largest credit union in the nation. It was established in 1959 and as of September of 2019, it had grown to 18 employees and 8,924 members at 2 locations. Americo Federal Credit Union's money market rates are 82% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to employees of members of the Select Employer Group which include several area school districts and townships.
See current membership details

Reviews (1)

Three Decades at Americo

Posted by: |

Since the 1980s I have had an account at Americo Federal Credit Union in Erie, PA. The great news is the stability it has offered coupled with low or no fee banking. Every time I hear someone complain about the fees they pay with their bank for ATM use and check-writing, I smile inwardly, knowing I don't have such complications in my financial world. The only drawback is sometimes the customer service is lacking in warmth, but other times it's adequate. Online banking-wise, though, Americo is excellent and I've been managing my accounts on the internet for about 10 years. I can see deposits before they go in, so I know what's coming, and I can also see what debits and checks are pending clearance. If you don't have a computer, they also offer a very nice toll-free phone banking service.

1


Health
B

Data as of Q3 2019

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Americo Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #12752
Year Chartered1959
Employees18
Primary Regulator
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD2.73%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$75.9MM$75.8MM
LoansQ3 2019vs Q3 2018$30.3MM$33.4MM
DepositsQ3 2019vs Q3 2018$67.0MM$67.2MM
Equity CapitalQ3 2019vs Q3 2018$8.6MM$8.4MM
Loan Loss AllowanceQ3 2019vs Q3 2018$259.00K$154.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$1.2MM$902.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Americo Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Americo Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--IRA Savings Account
0.10%$5-Share / Savings
0.10%--Club Account

Americo Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$100k*-Money Market Account
OTHER TIERS: 0.40% → $2.5k - $10k | 0.50% → $10k - $50k | 0.70% → $50k - $100k

Americo Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Share Draft / Checking

Americo Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.06%$500-60 Month Share Certificate
2.00%$500-48 Month Share Certificate
1.75%$500-36 Month Share Certificate
1.45%$500-18 Month Share Certificate
1.45%$500-24 Month Share Certificate
1.40%$500-12 Month Share Certificate

Americo Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.06%$500-60 Month IRA Share Certificate
2.00%$500-48 Month IRA Share Certificate
1.75%$500-36 Month IRA Share Certificate
1.45%$500-24 Month IRA Share Certificate
1.40%$500-12 Month IRA Share Certificate
Locations


Americo Federal Credit Union Locations
Branch Office2627 W 23rd STErie, PA 16506-2924
Branch Office4101 Main StErie, PA 16511

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.