Sep, 30, 2025 — THIOKOL ELKTON FEDERAL CREDIT UNION is a federal credit union headquartered in ELKTON, MD with 1 branch location and about $23.79 million in total assets. Opened 68 years ago in 1958, THIOKOL ELKTON FEDERAL CREDIT UNION has about 1,673 members and employs 4 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 |
|---|---|
| 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: | 1,673 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12185 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,789,435 |
| CEO/Manager: | VINCENT SETNAR |
| Chairperson: | THOMAS J FREY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 915,996 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,179,843 |
| Unsecured Loans | 1,460,552 |
| Other Loans | 5,184,526 |
| TOTAL LOANS | 9,824,921 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -128,314 |
| Land And Building | 0 |
| Other Fixed Assets | 26,416 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 198,371 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,789,435 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,623 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 85,339 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,374,842 |
| Regular shares | 13,468,539 |
| All Other Shares & Deposits | 3,203,535 |
| TOTAL SHARES & DEPOSITS | 20,046,916 |
| TOTAL LIABILITIES | 20,152,878 |
| Regular Reserve | 0 |
| Other Reserves | -118,718 |
| Undivided Earnings | 3,755,275 |
| TOTAL EQUITY | 3,636,557 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,789,435 |
| INCOME & EXPENSE | |
| Loan Income | 390,763 |
| Investment Income | 375,899 |
| Other Income | 22,345 |
| Total Employee Compensation & Benefits | 175,720 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 322,292 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,701 |
| Cost of Funds | 85,272 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 205,705 |
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