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FERKO MD FEDERAL CREDIT UNION

Dec, 31, 2020 — FERKO MD FEDERAL CREDIT UNION is a federal credit union headquartered in Frederick, MD with 1 branch location and about $34.03 million in total assets. Opened 66 years ago in 1955, FERKO MD FEDERAL CREDIT UNION has about 3,769 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:3,769
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:$34,028,039
CEO/Manager:Jeffrey T Perrell
Chairperson:David A Miller

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,871,122
TOTAL INVESTMENTS 13,133,077
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,120,661
 Other Loans 9,638,423
 TOTAL LOANS 11,759,084
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -121,838
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 272,828
 All Other Assets 113,766
  TOTAL ASSETS 34,028,039
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 11,336
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 471,174
 Regular shares 29,565,140
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 30,036,314
  TOTAL LIABILITIES 30,047,650
 Regular Reserve 223,250
 Other Reserves 0
 Undivided Earnings 3,757,139
  TOTAL EQUITY 3,980,389
  TOTAL LIABILITIES, SHARES, & EQUITY 34,028,039
INCOME & EXPENSE  
 Loan Income 569,497
 Investment Income 257,015
 Other Income 60,614
 Total Employee Compensation & Benefits 276,767
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 293,868
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,015
 Cost of Funds 67,882
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 245,594
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