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AMERICU CREDIT UNION
ROME, NY · EIN 150542361 · Form 990 · FY2024 · Very Large (>$50M) · americu.org
revenue
$175.0M
expenses
$164.1M
net assets
$231.0M
employees
533
mission · from form 990

TO PROVIDE FINANCIAL AND BANKING SERVICES TO IT'S MEMBERS. THE CREDIT UNION OFFERS SAVINGS, SHARE DRAFTS, MONEY MARKET AND CERTIFICATE SHARE ACCOUNTS AS WELL AS 1ST & 2ND MORTGAGES, AUTO, AND UNSECURED LOAN PRODUCTS TO ITS MEMBERS. THE CREDIT UNION OFFERS THESE SERVICES THROUGH A BRANCH NETWORK, CALL CENTER, ON-LINE AND AUTOMATED ATM AND KIOSK TECHNOLOGIES.

profile · synthesized from sources

AMERICU CREDIT UNION is a credit union providing financial and banking services to its members in New York State. It offers checking, savings, and loan products including mortgages, auto loans, and credit cards through a network of branches, online banking, and ATM access. The organization recently expanded its membership eligibility to serve individuals and businesses across 27 additional counties in New York.

named programs · 6 · from sources

What they call their work

AmeriCONNECT Credit Cards
Visa credit cards including Signature Rewards, Rewards, and Secured options, offering introductory 0% APR, cash back rewards, and credit-building opportunities.
Freedom Checking
Free checking account with no minimum balance or monthly fees, designed for members who primarily use their account to pay bills.
Fresh Start Checking
Checking account designed for individuals who have had difficulty managing accounts in the past, offering a path to financial health with basic banking features.
Health Savings Account (HSA)
Account for individuals enrolled in high-deductible health plans, allowing tax-deductible contributions and tax-free withdrawals for qualified medical expenses.
High Rate Checking
Dividend-bearing checking account offering 7.00% APY on balances up to $10,000 for members who meet qualifying conditions including a minimum $5,000 loan in good standing.
Rewards Checking
Checking account that earns reward points for debit card transactions, with 1 point earned for every $5 spent and eligibility for bonus points with qualifying direct deposits.
activities · 5 groups

What they do

  • Financial Literacy Education Programs 3 activities
    • Administering member savings challenge program
      Runs the AmeriCU Savings Challenge to help members build better savings habits and achieve financial goals by 2026 through structured saving plans.
    • Delivering financial wellness education
      Offers free financial wellness courses and tools focused on banking basics, savings, and budgeting, particularly tailored for youth members.
    • Offering youth savings accounts
      Provides savings accounts for individuals ages 0 to 17 with an adult joint owner, requiring only a penny to open, to encourage early financial literacy and savings habits.
  • Credit Union Financial Services 2 activities
    • Operating a Virtual Financial Center
      Provides virtual financial services with live staff support, enabling members to conduct banking and financial transactions remotely through digital channels.
    • Providing financial and banking services to members
      Offers a range of financial products including savings accounts, share drafts, money market accounts, certificate share accounts, and loan products such as first and second mortgages, auto loans, and unsecured loans to its member-owners.
  • Financial Aid and Scholarship Access Programs 1 activity
    • Awarding scholarships to students
      Annually awards scholarships to graduating high school seniors and students continuing their college education as part of its community investment and educational support initiatives.
  • Facility-Based Service Delivery 1 activity
    • Expanding membership eligibility across New York State
      Received approval from the New York State Department of Financial Services to expand its field of membership to include individuals, families, and businesses in 27 additional counties across New York State, increasing access to credit union services.
  • Community Event Fundraising 1 activity
    • Sponsoring community events
      Supports local community engagement through sponsorship of events such as the Keeseville Summer Music Festival and the Keeseville Kids Day celebration.
financials · form 990 · fy2024
revenue
Total revenue$174.96M
Contributions & grants$00%
Program service revenue$155.93M89%
Investment income$15.55M9%
Other revenue$3.48M
expenses
Total expenses$164.11M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$38.11M
Grants paid out$12K
Largest expense lineCompensation
balance sheet
Total assets$2.76B
Cash$77.22M
Investments$220.19M
Liabilities$2.53B
Net assets$230.95M
Liquid reserves21.8 mo
5 years on record · 2020–2024 · YoY revenue +14.1%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 10
NameTitleHours/wkCompensation
RONALD BELLE PRESIDENT/CEO 40 $680K
CATHERINE FELTZ SENIOR MORTGAGE LOAN OFFIC 40 $430K
ALISSA SYKES TULLOCH EXECUTIVE VP/COO 40 $370K
BRYAN DELEHANTY CHIEF FINANCIAL OFFICER 40 $332K
MARK LIVESEY CHIEF RISK OFFICER 40 $278K
STEPHANIE MCGUIRE SENIOR MORTGAGE LOAN OFFICER 40 $277K
STEVE RAMIREZ CHIEF MARKETING OFFICER 40 $274K
RAYMOND ACOSTA FINANCIAL ADVISOR 40 $257K
DYANA O'NEILL CHIEF EXPERIENCE OFFICER 40 $256K
KAREN LAPLANTE CHIEF TALENT OFFICER 40 $247K
board members · 7
  • GEORGE BAUER — DIRECTOR
  • JENNIFER STOWELL — VICE CHAIRMAN OF THE BOARD
  • JOHN STEVENSON — DIRECTOR
  • JOSEPH TURCZYN — DIRECTOR
  • NICOLA FABRIZIO — CHAIRMAN OF THE BOARD
  • RYAN KUHNS — RECORDING SECRETARY/ BOD
  • TERRI TULOWIECKI — CFO/DIRECTOR
relationships · 9

Who they work with

  • American Heart Association Partner — Recipient of support from the AmeriCU Charitable Foundation for health and community programs in Central New York.
  • Keeseville Business Association Partner — Partner organization in sponsoring the Keeseville Summer Music Festival.
  • New York State Department of Financial Services Government — Approved AmeriCU Credit Union's application to expand its field of membership across New York State.
  • New York State Department of Financial Services Government — Regulatory body that approved AmeriCU Credit Union's expansion of membership eligibility across New York State.
  • New York State Department of Financial Services Government — Regulatory body that approved AmeriCU's application to expand its field of membership.
  • New York State Department of Financial Services Government — Regulatory body that approved AmeriCU's expansion of field of membership.
  • New York State Department of Financial Services Government — Regulatory body that approved AmeriCU's expansion of membership eligibility across New York State
  • New York State Department of Financial Services Government — Regulatory body that approved AmeriCU's expansion of membership eligibility across New York State.
  • Student Choice Partner — Partner organization through which AmeriCU offers student loan financing and refinancing options.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Early Financial Habit Formation Through Youth Engagement
    methodology: financial_education_through_practice
    By introducing youth to savings through age-appropriate accounts and hands-on practice, the credit union fosters lifelong financial literacy and responsible money management behaviors because early, experiential learning establishes durable financial habits.
  • Member-Owned Cooperative Model
    methodology: cooperative_ownership
    By operating as a member-owned, not-for-profit cooperative, the credit union aligns financial incentives with member outcomes — offering lower loan rates, higher deposit rates, and democratic governance (one member, one vote) because member ownership fosters trust, long-term engagement, and community reinvestment.