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 |
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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 |
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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 |
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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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