Americo Federal Credit Union


Overview / Commentary
814-899-6608
4101 Main St
Erie, PA 16511-1997

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

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.



Health

Health Grade Components

Overall
NCUA #12752
Year Chartered1959
Employees18
Primary Regulator
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD3.41%
Annual Interest Income$1,000.00K
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$100.0MM$96.8MM
LoansQ2 2022vs Q2 2021$26.6MM$27.3MM
DepositsQ2 2022vs Q2 2021$90.0MM$87.5MM
Equity CapitalQ2 2022vs Q2 2021$9.7MM$9.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$236.00K$330.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$283.00K$300.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Americo Federal Credit Union are currently being reviewed.

Locations


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

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