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THIOKOL ELKTON FEDERAL CREDIT UNION

Mar, 31, 2022 — THIOKOL ELKTON FEDERAL CREDIT UNION is a federal credit union headquartered in ELKTON, MD with 1 branch location and about $27.15 million in total assets. Opened 64 years ago in 1958, THIOKOL ELKTON FEDERAL CREDIT UNION has about 1,793 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:http://www.thiokolfcu.org
Branches:1 branch locations
Members:1,793
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:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$27,154,604
CEO/Manager:Karen R Porter
Chairperson:Thomas J Frey

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,763,956
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,787,031
 Unsecured Loans 1,392,583
 Other Loans 3,396,355
 TOTAL LOANS 6,575,969
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -211,132
 Land And Building 0
 Other Fixed Assets 10,131
 NCUSIF Deposit 201,182
 All Other Assets 0
  TOTAL ASSETS 27,154,604
LIABILITIES & CAPITAL:  
 Dividends Payable 4,697
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 57,134
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,180,647
 Regular shares 16,533,771
 All Other Shares & Deposits 3,947,931
  TOTAL SHARES & DEPOSITS 23,662,349
  TOTAL LIABILITIES 23,724,180
 Regular Reserve 0
 Other Reserves 184,636
 Undivided Earnings 3,245,788
  TOTAL EQUITY 3,430,424
  TOTAL LIABILITIES, SHARES, & EQUITY 27,154,604
INCOME & EXPENSE  
 Loan Income 72,252
 Investment Income 33,528
 Other Income 2,928
 Total Employee Compensation & Benefits 14,341
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 73,579
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 15,157
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 25,606
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