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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 86th largest credit union in the state of Pennsylvania. It is also the 1,904th largest credit union in the nation. It was established in 1959 and as of December of 2019, it had grown to 19 employees and 9,097 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 Q4 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
Employees19
Primary Regulator
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD2.22%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$75.7MM$75.5MM
LoansQ4 2019vs Q4 2018$29.0MM$32.5MM
DepositsQ4 2019vs Q4 2018$66.8MM$66.8MM
Equity CapitalQ4 2019vs Q4 2018$8.6MM$8.4MM
Loan Loss AllowanceQ4 2019vs Q4 2018$262.00K$164.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$771.00K$959.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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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%--Christmas Club Account
0.10%--Vacation Club Account

Americo Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$100k*-Money Market Account
OTHER TIERS: 0.30% → $2.5k - $10k | 0.40% → $10k - $50k | 0.60% → $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
1.10%$500-60 Month Share Certificate
1.05%$500-48 Month Share Certificate
1.00%$500-36 Month Share Certificate
0.85%$500-24 Month Share Certificate
0.80%$500-12 Month Share Certificate
0.80%$500-18 Month Share Certificate

Americo Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$500-60 Month IRA Share Certificate
1.05%$500-48 Month IRA Share Certificate
1.00%$500-36 Month IRA Share Certificate
0.85%$500-24 Month IRA Share Certificate
0.80%$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

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