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Armco Credit Union

Overview
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Armco Credit Union is a federally insured state credit union based in Butler, Pennsylvania. It has been opened since 1935, for 85 years.

With around $345,890,000 in assets, Armco Credit Union is considered to be a very large credit union. It has 4 branches and 3 ATM locations.

About
Address P.O. Box 1589
Butler, Pennsylvania 16003
Website http://www.armcocu.com
Phone (724) 284-2020
Fax (724) 285-6158
CEO Randall W. Cypher
President of the Board Ralph Boosel
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
30,144 members
Membership type: State chartered natural person credit union
Above average number of members
486:1
Credit union member to staff ratio
486 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$345,892,642
Total assets
Above average
4 branches
Compared with an average of 4 nationally and 3 in Pennsylvania
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
11.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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4 branches
Compared with an average of 4 nationally and 3 in Pennsylvania
Above average number of branches
Armco Credit Union Branch Locations

Butler Armco Employees Credit Union Bc3 Branch
107 College Drive
Butler, Pennsylvania 16002
ATM Available
Butler Armco Employees Credit Union
101 Hollywood Drive
Butler, Pennsylvania 16001
ATM Available
Armco Credit Union: Mars Branch
963 Route 228
Mars, Pennsylvania 16046
ATM Available
Members
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30,144 members
Membership type: State chartered natural person credit union
Above average number of members

With 30,144 members, the Armco Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 86% of credit unions.

Fees
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$82
Average fee per member
The average fee per member at the Armco Credit Union is $82, which is high compared to most credit unions. This rate is higher than 75% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Armco Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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486:1
Credit union member to staff ratio
486 per each FTE employee
Compared to 411:1 nationally
Fewer staff
62 staff members
FTE (full-time equivalent)
20% of employees are part-time
55 full-time, 14 part-time

Armco Credit Union has 55 full-time staff members and 14 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 80% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Armco Credit Union has around 486 members per staff, a higher ratio compared to other credit unions.

Assets
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$345,892,642
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
16.4%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$17,284
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 86% of credit unions.

Armco Credit Union holds a total of $242,250,000 in loans and leases, which is about $17,284 per member on average.

Savings interest rate
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0.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Armco Credit Union pays 0.25%.

Loan rates
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11.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.75%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.50%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.50%
New car loan rate
Compared to 4.0% nationally
3.25%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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3.75%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.40%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
5.00%
Other real estate loan rates
Compared to 0.9% nationally