Dec, 31, 2022 — TIDEMARK FEDERAL CREDIT UNION is a federal credit union headquartered in SEAFORD, DE with 7 branch locations and about $459.20 million in total assets. Opened 64 years ago in 1959, TIDEMARK FEDERAL CREDIT UNION has about 18,999 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TIDEMARK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1941 Bridgeville Hwy SEAFORD, DE 19973 |
| Phone: | (302) 629-0100 |
| Fax: | (302) 629-2583 |
| Website: | https://www.tidemarkfcu.org |
| Branches: | 7 branch locations |
| Members: | 18,999 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13121 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $459,200,425 |
| CEO/Manager: | Pamela Fleuette |
| Chairperson: | John W Lewis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,228,739 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 558,000 |
| Real Estate Loans | 110,788,423 |
| Unsecured Loans | 14,561,769 |
| Other Loans | 39,489,168 |
| TOTAL LOANS | 164,839,360 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,923,219 |
| Land And Building | 7,963,838 |
| Other Fixed Assets | 984,628 |
| NCUSIF Deposit | 3,886,315 |
| All Other Assets | 160,000 |
| TOTAL ASSETS | 459,200,425 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 674 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -1,725,200 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 52,032,582 |
| Regular shares | 76,762,325 |
| All Other Shares & Deposits | 291,885,001 |
| TOTAL SHARES & DEPOSITS | 420,679,908 |
| TOTAL LIABILITIES | 418,955,382 |
| Regular Reserve | 0 |
| Other Reserves | -18,121,121 |
| Undivided Earnings | 58,366,164 |
| TOTAL EQUITY | 40,245,043 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 459,200,425 |
| INCOME & EXPENSE | |
| Loan Income | 5,170,210 |
| Investment Income | 3,291,816 |
| Other Income | 760,846 |
| Total Employee Compensation & Benefits | 3,207,861 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,453,883 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,822,923 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,413,345 |
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