Credit Unions Near Me
National Credit Union Service Organization

THIOKOL ELKTON FEDERAL CREDIT UNION

Dec, 31, 2023 — THIOKOL ELKTON FEDERAL CREDIT UNION is a federal credit union headquartered in ELKTON, MD with 1 branch location and about $22.56 million in total assets. Opened 66 years ago in 1958, THIOKOL ELKTON FEDERAL CREDIT UNION has about 1,735 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)
55 Thiokol Rd
ELKTON, MD 21921
Phone:(410) 392-5660
Fax:(410) 392-0241
Website:https://www.thiokolfcu.org
Branches:1 branch locations
Members:1,735
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:Oct 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$22,561,092
CEO/Manager:VINCENT SETNAR
Chairperson:THOMAS J FREY

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 210,704
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,291,049
 Unsecured Loans 1,641,812
 Other Loans 5,818,845
 TOTAL LOANS 9,751,706
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -120,000
 Land And Building 0
 Other Fixed Assets 8,048
 NCUSIF Deposit 220,464
 All Other Assets 0
  TOTAL ASSETS 22,561,092
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 138,210
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,848,058
 Regular shares 13,831,996
 All Other Shares & Deposits 2,625,647
  TOTAL SHARES & DEPOSITS 19,305,704
  TOTAL LIABILITIES 19,443,914
 Regular Reserve 0
 Other Reserves -297,634
 Undivided Earnings 3,414,812
  TOTAL EQUITY 3,117,178
  TOTAL LIABILITIES, SHARES, & EQUITY 22,561,092
INCOME & EXPENSE  
 Loan Income 402,724
 Investment Income 241,873
 Other Income 24,633
 Total Employee Compensation & Benefits 146,866
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 399,393
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,140
 Cost of Funds 100,012
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 99,547
↑ Back to Top

Other Credit Unions

NOTRE DAME 2901 FEDERAL CREDIT UNION
PO Box 133
PERRY HALL, MD 21128
CECIL COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION
203 Booth St
ELKTON, MD 21921-5646
CENTRAL CREDIT UNION OF MARYLAND
8501 La Salle Rd
BALTIMORE, MD 21286-5914
MEMBERS FIRST OF MARYLAND FEDERAL CREDIT UNION
1631 Merritt Blvd
BALTIMORE, MD 21222
ST. JOSEPH MEDICAL CENTER MD FEDERAL CREDIT UNION
7601 Osler Dr
TOWSON, MD 21204
LM FEDERAL CREDIT UNION
101 CHESAPEAKE PARK PLZ
BALTIMORE, MD 21220
DESTINATIONS CREDIT UNION
8767 Satyr Hill Rd
BALTIMORE, MD 21234
ATLANTIC FINANCIAL FEDERAL CREDIT UNION
40 Schilling Rd
HUNT VALLEY, MD 21031-1105
FREEDOM OF MARYLAND FEDERAL CREDIT UNION
2019 Emmorton Rd
BEL AIR, MD 21015
HAR-CO CREDIT UNION
30 N Hickory Ave
BEL AIR, MD 21014-3249