Americo Federal Credit Union is headquartered in Erie and is the 82nd largest credit union in the state of Pennsylvania. It is also the 1,832nd largest credit union in the nation. It was established in 1959 and as of June of 2022, it had grown to 18 employees and 8,121 members at 2 locations. Americo Federal Credit Union has an A 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
Three Decades at Americo
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.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 12752 |
| Year Chartered | 1959 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.33% |
| Return on Equity - YTD | 3.41% |
| Annual Interest Income | $1,000.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $100.0MM$96.8MM |
| Loans | Q2 2022vs Q2 2021 | $26.6MM$27.3MM |
| Deposits | Q2 2022vs Q2 2021 | $90.0MM$87.5MM |
| Equity Capital | Q2 2022vs Q2 2021 | $9.7MM$9.3MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $236.00K$330.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $283.00K$300.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |