ARMCO Credit Union is headquartered in Butler and is the 23rd largest credit union in the state of Pennsylvania. It is also the 687th largest credit union in the nation. It was established in 1935 and as of June of 2022, it had grown to 74 employees and 35,283 members at 4 locations. ARMCO Credit Union's CD rates are 29% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Butler ARMCO Credit Union is open to current employees, retirees of, or an un-remarried widow or widower of one of the credit union's Sponsor Organizations. For more information, a list of recognized eligible SEG's can be viewed on the ARMCO CU website.
See current membership details
CD Rates and customer service
The financier was helpful in letting me know what I should be investing my money in for the long term. A CD seemed like a viable option because the interest rates were good and I dont need the money right now. It would allow me the ability to sit on the money and have it work for me. The rate I believe was 3 percent over 5 years so I loved the rate of return. Customer service at this location was great and I will definitely try to utilize them in the future for almost all my investing needs. They have other programs and services that intrigued me. They have free checking and savings that will not gain a lot of interest, but you can rest assured that your money is secured. This bank is second to none because of its customer service and I will do all my banking here in the future.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 65291 |
| Year Chartered | 1935 |
| Employees | 74 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.62% |
| Return on Equity - YTD | 5.11% |
| Annual Interest Income | $6.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $536.8MM$481.1MM |
| Loans | Q2 2022vs Q2 2021 | $378.4MM$311.8MM |
| Deposits | Q2 2022vs Q2 2021 | $470.3MM$418.2MM |
| Equity Capital | Q2 2022vs Q2 2021 | $64.7MM$60.8MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $4.1MM$3.8MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $457.00K$268.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |