Dec, 31, 2022 — THIOKOL ELKTON FEDERAL CREDIT UNION is a federal credit union headquartered in ELKTON, MD with 1 branch location and about $26.95 million in total assets. Opened 65 years ago in 1958, THIOKOL ELKTON FEDERAL CREDIT UNION has about 1,795 members and employs 6 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: | 1,795 |
| 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: | $26,947,588 |
| CEO/Manager: | VINCENT SETNAR |
| Chairperson: | Thomas J Frey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,318,972 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,853,419 |
| Unsecured Loans | 1,374,966 |
| Other Loans | 4,042,191 |
| TOTAL LOANS | 7,270,576 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -208,350 |
| Land And Building | 0 |
| Other Fixed Assets | 13,532 |
| NCUSIF Deposit | 230,313 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,947,588 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,611 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 47,544 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,827,105 |
| Regular shares | 16,232,254 |
| All Other Shares & Deposits | 3,404,989 |
| TOTAL SHARES & DEPOSITS | 23,464,348 |
| TOTAL LIABILITIES | 23,516,503 |
| Regular Reserve | 0 |
| Other Reserves | 184,636 |
| Undivided Earnings | 3,246,449 |
| TOTAL EQUITY | 3,431,085 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,947,588 |
| INCOME & EXPENSE | |
| Loan Income | 227,224 |
| Investment Income | 141,097 |
| Other Income | 9,985 |
| Total Employee Compensation & Benefits | 126,729 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 221,609 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 46,384 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 54,942 |
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