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FERKO MD FEDERAL CREDIT UNION

Mar, 31, 2021 — FERKO MD FEDERAL CREDIT UNION is a federal credit union headquartered in Frederick, MD with 1 branch location and about $36.44 million in total assets. Opened 66 years ago in 1955, FERKO MD FEDERAL CREDIT UNION has about 3,748 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:FERKO MD FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 1478
Frederick, MD 21702
Phone:(301) 662-7266
Fax:(301) 662-4525
Website:http://www.ferkomfcu.com
Branches:1 branch locations
Members:3,748
Credit Union Type:Federal Credit Union
Charter Number:10381
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1955
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$36,440,016
CEO/Manager:Jeffrey T Perrell
Chairperson:David A Miller

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,394,859
TOTAL INVESTMENTS 12,645,077
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,914,180
 Other Loans 9,187,223
 TOTAL LOANS 11,101,403
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -116,197
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 300,168
 All Other Assets 114,706
  TOTAL ASSETS 36,440,016
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,425
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 498,834
 Regular shares 31,884,958
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 32,383,792
  TOTAL LIABILITIES 32,398,217
 Regular Reserve 223,250
 Other Reserves 0
 Undivided Earnings 3,818,549
  TOTAL EQUITY 4,041,799
  TOTAL LIABILITIES, SHARES, & EQUITY 36,440,016
INCOME & EXPENSE  
 Loan Income 127,088
 Investment Income 44,990
 Other Income 4,761
 Total Employee Compensation & Benefits 67,342
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 69,691
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -7,676
 Cost of Funds 11,269
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 61,410
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