Dec, 31, 2023 — BALTIMORE WASHINGTON FEDERAL CREDIT UNION is a federal credit union headquartered in GLEN BURNIE, MD with 1 branch location and about $9.43 million in total assets. Opened 53 years ago in 1971, BALTIMORE WASHINGTON FEDERAL CREDIT UNION has about 1,486 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BALTIMORE WASHINGTON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 301 HOSPITAL DR GLEN BURNIE, MD 21061-5803 |
| Phone: | (410) 787-4645 |
| Fax: | (410) 595-1979 |
| Website: | https://baltimorewashingtonfcu.org/ |
| Branches: | 1 branch locations |
| Members: | 1,486 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20719 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,433,341 |
| CEO/Manager: | Pamela B Robinson |
| Chairperson: | James W Cary |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,262,396 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 54,802 |
| Unsecured Loans | 583,582 |
| Other Loans | 3,739,431 |
| TOTAL LOANS | 4,377,815 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -82,252 |
| Land And Building | 0 |
| Other Fixed Assets | 358 |
| NCUSIF Deposit | 97,277 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,433,341 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 53,409 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,335,640 |
| Regular shares | 6,422,515 |
| All Other Shares & Deposits | 940,133 |
| TOTAL SHARES & DEPOSITS | 8,698,290 |
| TOTAL LIABILITIES | 8,751,699 |
| Regular Reserve | 0 |
| Other Reserves | 215,782 |
| Undivided Earnings | 465,860 |
| TOTAL EQUITY | 681,642 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,433,341 |
| INCOME & EXPENSE | |
| Loan Income | 270,625 |
| Investment Income | 54,306 |
| Other Income | 139,812 |
| Total Employee Compensation & Benefits | 201,796 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 236,720 |
| Non-operating Income & (Expense) | 13,704 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 85,550 |
| Cost of Funds | 36,120 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -81,739 |
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