Dec, 31, 2023 — LOCAL 355 MD FEDERAL CREDIT UNION is a federal credit union headquartered in BALTIMORE, MD with 1 branch location and about $5.87 million in total assets. Opened 62 years ago in 1962, LOCAL 355 MD FEDERAL CREDIT UNION has about 1,667 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOCAL 355 MD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1030 S DUKELAND ST BALTIMORE, MD 21223-3303 |
| Phone: | (410) 566-5700 |
| Fax: | (410) 566-1485 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,667 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14815 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,868,909 |
| CEO/Manager: | Patricia Boulter |
| Chairperson: | Lloyd E Elgert Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 719,966 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 383,442 |
| Other Loans | 631,338 |
| TOTAL LOANS | 1,014,780 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,709 |
| Land And Building | 0 |
| Other Fixed Assets | 1,365 |
| NCUSIF Deposit | 48,339 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,868,909 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,748,879 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,748,879 |
| TOTAL LIABILITIES | 4,748,879 |
| Regular Reserve | 0 |
| Other Reserves | 101,181 |
| Undivided Earnings | 1,018,849 |
| TOTAL EQUITY | 1,120,030 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,868,909 |
| INCOME & EXPENSE | |
| Loan Income | 101,392 |
| Investment Income | 33,553 |
| Other Income | 13,970 |
| Total Employee Compensation & Benefits | 88,117 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 36,071 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,499 |
| Cost of Funds | 14,336 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,890 |
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