Featured Savings Rates
Featured Accounts

Americo Federal Credit Union

Popular Accounts at this Credit Union

1.93%5-year CD60 Month Share Certificate
0.80%1-year CD12 Month Share Certificate
0.10%SavingsShare / Savings

Overview / Commentary
4101 Main St
Erie, PA 16511

Americo Federal Credit Union is headquartered in Erie and is the 81st largest credit union in the state of Pennsylvania. It is also the 1,864th largest credit union in the nation. It was established in 1959 and as of September of 2017, it had grown to 17 employees and 9,523 members at 2 locations. Americo Federal Credit Union 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: RightSaidX | Aug 5, 2016

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.

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

NCUA #12752
Year Chartered1959
Primary Regulator
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD2.52%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$76.3MM$73.7MM
LoansQ3 2017vs Q3 2016$37.6MM$38.5MM
DepositsQ3 2017vs Q3 2016$67.9MM$65.5MM
Equity CapitalQ3 2017vs Q3 2016$8.1MM$7.9MM
Loan Loss AllowanceQ3 2017vs Q3 2016$104.00K$108.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$1.1MM$715.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$0
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* 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

0.25%--IRA Savings Account
0.10%--Share / Savings
0.10%--Club Account

Americo Federal Credit Union Money Market Rates

0.40%*$100k*-Money Market Account
OTHER TIERS: 0.20% $2,500 - $10k | 0.30% $10k - $50k | 0.35% $50k - $100k

Americo Federal Credit Union Checking Account Rates

0.05%--Share Draft / Checking

Americo Federal Credit Union CD Rates

1.93%$500-60 Month Share Certificate
1.70%$500-48 Month Share Certificate
1.45%$500-36 Month Share Certificate
1.15%$500-24 Month Share Certificate
0.90%$500-18 Month Share Certificate
0.80%$500-12 Month Share Certificate

Americo Federal Credit Union IRA Rates

1.93%$500-60 Month IRA Share Certificate
1.70%$500-48 Month IRA Share Certificate
1.45%$500-36 Month IRA Share Certificate
1.15%$500-24 Month IRA Share Certificate
0.80%$500-12 Month IRA Share Certificate

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