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 |
| 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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