Question 1

What is Ussco Johnstown Credit Union?

Accepted Answer

Ussco Johnstown Credit Union is a federally chartered, community-based credit union headquartered in Johnstown, Pennsylvania. With approximately $168 million in total assets and serving over 14,000 members, it ranks among the largest credit unions in Somerset and Cambria Counties.

The credit union specializes in serving members with a multiple common bond, primarily focused on those in the primary and fabricated metals industries, though membership is now open to everyone in the community. Ussco operates four branch locations throughout the region and maintains a strong commitment to being members' primary financial partner.

Question 2

When was Ussco Johnstown Credit Union founded?

Accepted Answer

Ussco Johnstown Credit Union was founded in 1958. The credit union opened its first office on Central Avenue in the Moxham section of Johnstown to serve employees and family members of the United States Steel Corporation's Johnstown Plant.

Originally established with a narrow field of membership tied to U.S. Steel employees, the credit union demonstrated remarkable resilience when U.S. Steel closed the Moxham plant in the early 1980s. Rather than closing, Ussco expanded its membership eligibility and evolved into a community-based financial institution, continuing to grow and serve the region for over six decades.

Question 3

Where is Ussco Johnstown Credit Union headquartered?

Accepted Answer

Ussco Johnstown Credit Union is headquartered at 532 Oakridge Drive in Johnstown, Pennsylvania. This location serves as both the administrative office and a branch facility for members in the Richland area.

Question 4

Where does Ussco Johnstown Credit Union operate?

Accepted Answer

Ussco Johnstown Credit Union operates throughout Cambria and Somerset Counties in Pennsylvania. The credit union maintains four community office locations in Richland (which houses the administrative headquarters), Moxham, Somerset, and Ebensburg.

While the credit union originally served only employees of United States Steel Corporation's Johnstown Plant, it now offers membership to everyone in the community. This expanded field of membership allows residents throughout the region to access Ussco's products and services regardless of their employment affiliation.

Question 5

What services does Ussco Johnstown Credit Union offer?

Accepted Answer

Ussco Johnstown Credit Union provides a comprehensive range of financial products and services for both personal and business needs.

Personal Banking Services include share draft accounts (checking) that earn interest, share accounts (savings), certificates of deposit with competitive rates, and home equity loans with fixed rates. The credit union offers various consumer lending products including auto loans, with financing available directly at dealerships through partnerships.

Digital Banking Services feature online and mobile banking platforms accessible across smartphones, tablets, and computers. The mobile app includes mobile check deposit via photo capture, bill pay services, person-to-person payments, fund transfers (one-time, future-dated, or recurring), and two-factor authentication for enhanced security. Members can view eStatements and eDocuments directly within the app.

Business Services include business checking accounts with unlimited check writing, no monthly fees, and no minimum balance requirements. Business lending options encompass business credit cards, commercial mortgage financing, commercial vehicle financing, and equipment financing. The credit union also provides merchant services with integrated credit and debit card processing, same-day funding with next-day availability, and no locked-in contracts.

Question 6

What makes Ussco Johnstown Credit Union unique?

Accepted Answer

Ussco Johnstown Credit Union distinguishes itself through its deep roots in the Johnstown community and its transformation from a single-sponsor credit union to a thriving community institution. After surviving the closure of the U.S. Steel Moxham plant that originally sponsored the credit union, Ussco demonstrated adaptability and commitment to the region by expanding membership and growing its presence.

The credit union's vision emphasizes building lasting relationships through high-quality, competitive financial solutions and friendly member service. Its core values—integrity, service, family, accountability, and adaptability—reflect a member-focused philosophy that prioritizes personal attention.

With a well-capitalized financial position and strong return on assets, Ussco maintains both stability and competitive product offerings. The credit union has positioned itself as one of the largest financial institutions in its market area while maintaining the personalized service characteristic of community-based credit unions.

Question 7

What type of financial institution is Ussco Johnstown Credit Union?

Accepted Answer

Ussco Johnstown Credit Union is a Federal Credit Union (FCU), chartered and regulated by the National Credit Union Administration (NCUA). As a federally chartered institution, it operates under federal regulations and provides federal deposit insurance through the National Credit Union Share Insurance Fund (NCUSIF), which insures member deposits up to $250,000.

The credit union operates as a not-for-profit, member-owned financial cooperative. Members are also owners, with each member having equal voting rights regardless of account balance. Originally organized with a multiple common bond membership focused on primary and fabricated metals industry employees, Ussco has evolved to serve the broader community.

The credit union maintains a "Well Capitalized" net worth classification with a net worth ratio of approximately 12.15%, reflecting strong financial health and regulatory compliance. This cooperative structure allows Ussco to return earnings to members through competitive rates, lower fees, and enhanced services rather than distributing profits to external shareholders.

Ussco Johnstown Credit Union

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About Ussco Johnstown Credit Union in the United States