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THIOKOL ELKTON FEDERAL CREDIT UNION

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

Call Report

  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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