Dec, 31, 2023 — THIOKOL ELKTON FEDERAL CREDIT UNION is a federal credit union headquartered in ELKTON, MD with 1 branch location and about $22.56 million in total assets. Opened 66 years ago in 1958, THIOKOL ELKTON FEDERAL CREDIT UNION has about 1,735 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | THIOKOL ELKTON FEDERAL CREDIT UNION |
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Address: (Main Office) | 55 Thiokol Rd ELKTON, MD 21921 |
Phone: | (410) 392-5660 |
Fax: | (410) 392-0241 |
Website: | https://www.thiokolfcu.org |
Branches: | 1 branch locations |
Members: | 1,735 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12185 |
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Membership Type: | Multiple common bond - Primarily chemical |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,561,092 |
CEO/Manager: | VINCENT SETNAR |
Chairperson: | THOMAS J FREY |
ASSETS: | $ Amount |
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Cash & Equivalents | 210,704 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,291,049 |
Unsecured Loans | 1,641,812 |
Other Loans | 5,818,845 |
TOTAL LOANS | 9,751,706 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -120,000 |
Land And Building | 0 |
Other Fixed Assets | 8,048 |
NCUSIF Deposit | 220,464 |
All Other Assets | 0 |
TOTAL ASSETS | 22,561,092 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 138,210 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,848,058 |
Regular shares | 13,831,996 |
All Other Shares & Deposits | 2,625,647 |
TOTAL SHARES & DEPOSITS | 19,305,704 |
TOTAL LIABILITIES | 19,443,914 |
Regular Reserve | 0 |
Other Reserves | -297,634 |
Undivided Earnings | 3,414,812 |
TOTAL EQUITY | 3,117,178 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,561,092 |
INCOME & EXPENSE | |
Loan Income | 402,724 |
Investment Income | 241,873 |
Other Income | 24,633 |
Total Employee Compensation & Benefits | 146,866 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 399,393 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,140 |
Cost of Funds | 100,012 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 99,547 |
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