Dec, 31, 2023 — CEDAR POINT FEDERAL CREDIT UNION is a federal credit union headquartered in LEXINGTON PARK, MD with 6 branch locations and about $772.08 million in total assets. Opened 79 years ago in 1945, CEDAR POINT FEDERAL CREDIT UNION has about 47,295 members and employs 131 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CEDAR POINT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 22745 Maple Rd LEXINGTON PARK, MD 20653 |
| Phone: | (301) 863-7071 |
| Fax: | (301) 863-0137 |
| Website: | https://www.cpfcu.com |
| Branches: | 6 branch locations |
| Members: | 47,295 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5234 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1945 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $772,077,380 |
| CEO/Manager: | Charles Roach |
| Chairperson: | Robert Clements |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 86,988,671 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 257,627,684 |
| Unsecured Loans | 25,624,028 |
| Other Loans | 165,931,686 |
| TOTAL LOANS | 449,183,398 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,763,504 |
| Land And Building | 17,661,107 |
| Other Fixed Assets | 4,361,466 |
| NCUSIF Deposit | 6,910,346 |
| All Other Assets | 0 |
| TOTAL ASSETS | 772,077,380 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 635,991 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,645,929 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 179,960,612 |
| Regular shares | 309,330,910 |
| All Other Shares & Deposits | 218,620,284 |
| TOTAL SHARES & DEPOSITS | 707,911,805 |
| TOTAL LIABILITIES | 716,193,725 |
| Regular Reserve | 0 |
| Other Reserves | -14,305,171 |
| Undivided Earnings | 70,188,826 |
| TOTAL EQUITY | 55,883,655 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 772,077,380 |
| INCOME & EXPENSE | |
| Loan Income | 18,651,603 |
| Investment Income | 7,743,515 |
| Other Income | 1,473,136 |
| Total Employee Compensation & Benefits | 11,125,100 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,358,803 |
| Non-operating Income & (Expense) | 19,991 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 766,244 |
| Cost of Funds | 4,494,837 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,584,242 |
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