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THIOKOL ELKTON FEDERAL CREDIT UNION

Dec, 31, 2020 — THIOKOL ELKTON FEDERAL CREDIT UNION is a federal credit union headquartered in Elkton, MD with 1 branch location and about $23.59 million in total assets. Opened 63 years ago in 1958, THIOKOL ELKTON FEDERAL CREDIT UNION has about 1,717 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:1,717
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:$23,588,352
CEO/Manager:Karen R Porter
Chairperson:Donald V Lushis

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 5,289,108
TOTAL INVESTMENTS 9,229,942
Loans Held for Sale 0
 
 Real Estate Loans 2,333,706
 Unsecured Loans 1,521,885
 Other Loans 4,077,646
 TOTAL LOANS 7,933,237
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -223,853
 Land And Building 0
 Other Fixed Assets 22,044
 NCUSIF Deposit 176,941
 All Other Assets 1,160,933
  TOTAL ASSETS 23,588,352
LIABILITIES & CAPITAL:  
 Dividends Payable 4,634
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 76,624
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,033,915
 Regular shares 12,894,714
 All Other Shares & Deposits 4,485,539
  TOTAL SHARES & DEPOSITS 20,414,168
  TOTAL LIABILITIES 20,495,426
 Regular Reserve 420,875
 Other Reserves -457,907
 Undivided Earnings 3,129,958
  TOTAL EQUITY 3,092,926
  TOTAL LIABILITIES, SHARES, & EQUITY 23,588,352
INCOME & EXPENSE  
 Loan Income 379,765
 Investment Income 223,534
 Other Income 84,504
 Total Employee Compensation & Benefits 262,661
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 265,206
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 25,500
 Cost of Funds 58,525
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 75,911
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