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2017-02-24 / Top 100 Organizations

USSCO Federal Credit Union

Est. 1958

USSCO FCU is a profitable, well-managed credit union with four offices in Cambria and Somerset counties and over 12,500 members. Despite an over-banked local market, they have seen positive trends in total deposits showing they’re steadily attracting new members.

USSCO FCU’s assets in 2015 were about $104 million, which is up from approximately $98 million in 2014. Total deposits grew from $88 million to almost $94 million with a six and a half percent increase due to new members and larger share from existing members. USSCO FCU’s balance sheet exhibited a strong capital to assets ratio, providing stability for future growth.

Looking at unaudited financial results, 2016 was a strong year that exceeded all budget goals, including profit with an 11 percent increase in loans due to dealer financing.

USSCO FCU’s Selective Employee Group [SEG] charter means members must work for or be retired from a SEG company. It isn’t limited to an industry like other credit unions. USSCO FCU can also add people who can’t join other credit unions through their alliance with Cambria County Library’s Friends of the Library. USSCO FCU pays new members’ fees and then donates it to the library to help pay for vital programs that support the community.

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