Overview / Commentary
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 1,869th largest credit union in the nation. It was established in 1959 and as of June of 2018, it had grown to 17 employees and 9,238 members at 2 locations. Americo Federal Credit Union's money market rates are 48% 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: 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 - YTD0.34%
Return on Equity - YTD3.25%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$77.8MM$77.5MM
LoansQ2 2018vs Q2 2017$34.0MM$37.8MM
DepositsQ2 2018vs Q2 2017$69.4MM$69.3MM
Equity CapitalQ2 2018vs Q2 2017$8.2MM$8.0MM
Loan Loss AllowanceQ2 2018vs Q2 2017$167.00K$99.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.0MM$776.00K
Real Estate OwnedQ2 2018vs Q2 2017$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

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

Americo Federal Credit Union Money Market Rates

0.65%*$100k*-Money Market Account
OTHER TIERS: 0.35% $2.5k - $10k | 0.45% $10k - $50k | 0.55% $50k - $100k

Americo Federal Credit Union Checking Account Rates

0.05%--Share Draft / Checking

Americo Federal Credit Union CD Rates

2.33%$500-60 Month Share Certificate
2.20%$500-48 Month Share Certificate
1.97%$500-36 Month Share Certificate
1.69%$500-24 Month Share Certificate
1.46%$500-18 Month Share Certificate
1.25%$500-12 Month Share Certificate

Americo Federal Credit Union IRA Rates

2.33%$500-60 Month IRA Share Certificate
2.20%$500-48 Month IRA Share Certificate
1.97%$500-36 Month IRA Share Certificate
1.69%$500-24 Month IRA Share Certificate
1.25%$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

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