Dec, 31, 2020 — EDUCATIONAL SYSTEMS FEDERAL CREDIT UNION is a federal credit union headquartered in GREENBELT, MD with 14 branch locations and about $1.17 billion in total assets. Opened 66 years ago in 1955, EDUCATIONAL SYSTEMS FEDERAL CREDIT UNION has about 83,337 members and employs 201 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDUCATIONAL SYSTEMS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P.O. BOX 179 GREENBELT, MD 20768-0179 |
| Phone: | (301) 779-8500 |
| Fax: | |
| Website: | http://www.esfcu.org |
| Branches: | 14 branch locations |
| Members: | 83,337 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10696 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,172,523,362 |
| CEO/Manager: | Chris Conway |
| Chairperson: | Alonia Sharps |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 189,426,092 |
| TOTAL INVESTMENTS | 264,530,659 |
| Loans Held for Sale | 529,300 |
| Real Estate Loans | 327,729,437 |
| Unsecured Loans | 67,845,652 |
| Other Loans | 260,688,899 |
| TOTAL LOANS | 656,263,988 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,595,282 |
| Land And Building | 25,173,304 |
| Other Fixed Assets | 7,974,858 |
| NCUSIF Deposit | 9,406,673 |
| All Other Assets | 23,813,770 |
| TOTAL ASSETS | 1,172,523,362 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 38,616,071 |
| Accounts Payable & Other Liabilities | 17,837,638 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 207,324,416 |
| Regular shares | 473,609,910 |
| All Other Shares & Deposits | 330,587,519 |
| TOTAL SHARES & DEPOSITS | 1,011,521,845 |
| TOTAL LIABILITIES | 1,067,975,554 |
| Regular Reserve | 1,944,584 |
| Other Reserves | 18,402,973 |
| Undivided Earnings | 84,200,251 |
| TOTAL EQUITY | 104,547,808 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,172,523,362 |
| INCOME & EXPENSE | |
| Loan Income | 29,381,485 |
| Investment Income | 6,200,451 |
| Other Income | 16,571,834 |
| Total Employee Compensation & Benefits | 20,149,978 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,720,393 |
| Non-operating Income & (Expense) | 86,888 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,177,318 |
| Cost of Funds | 7,853,394 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,339,575 |
| ↑ Back to Top | |