Mar, 31, 2021 — THIOKOL ELKTON FEDERAL CREDIT UNION is a federal credit union headquartered in Elkton, MD with 1 branch location and about $25.04 million in total assets. Opened 63 years ago in 1958, THIOKOL ELKTON FEDERAL CREDIT UNION has about 1,718 members and employs 5 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) | PO Box 825 Elkton, MD 21921 |
| Phone: | (410) 392-5660 |
| Fax: | (410) 392-0241 |
| Website: | http://www.thiokolfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,718 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,035,752 |
| CEO/Manager: | Karen R Porter |
| Chairperson: | Thomas J Frey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,769,874 |
| TOTAL INVESTMENTS | 9,278,700 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,368,548 |
| Unsecured Loans | 1,369,536 |
| Other Loans | 3,996,966 |
| TOTAL LOANS | 7,735,050 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -212,949 |
| Land And Building | 0 |
| Other Fixed Assets | 20,193 |
| NCUSIF Deposit | 176,941 |
| All Other Assets | 1,267,943 |
| TOTAL ASSETS | 25,035,752 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,894 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 77,100 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,269,525 |
| Regular shares | 13,838,707 |
| All Other Shares & Deposits | 4,647,688 |
| TOTAL SHARES & DEPOSITS | 21,755,920 |
| TOTAL LIABILITIES | 21,837,914 |
| Regular Reserve | 420,875 |
| Other Reserves | -395,804 |
| Undivided Earnings | 3,172,767 |
| TOTAL EQUITY | 3,197,838 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,035,752 |
| INCOME & EXPENSE | |
| Loan Income | 85,419 |
| Investment Income | 41,228 |
| Other Income | 2,583 |
| Total Employee Compensation & Benefits | 23,297 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 65,639 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 16,257 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 42,809 |
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