Dec, 31, 2020 — TIDEMARK FEDERAL CREDIT UNION is a federal credit union headquartered in SEAFORD, DE with 6 branch locations and about $366.81 million in total assets. Opened 62 years ago in 1959, TIDEMARK FEDERAL CREDIT UNION has about 16,251 members and employs 54 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 |
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Address: (Main Office) | PO BOX 1800 SEAFORD, DE 19973 |
Phone: | (302) 629-0100 |
Fax: | (302) 629-2583 |
Website: | http://www.tidemarkfcu.org |
Branches: | 6 branch locations |
Members: | 16,251 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13121 |
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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, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $366,808,965 |
CEO/Manager: | Pamela Fleuette |
Chairperson: | John W Lewis |
ASSETS: | $ Amount |
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Cash & Equivalents | 90,253,465 |
TOTAL INVESTMENTS | 84,871,721 |
Loans Held for Sale | 1,471,000 |
Real Estate Loans | 112,256,205 |
Unsecured Loans | 17,143,066 |
Other Loans | 35,322,092 |
TOTAL LOANS | 164,721,363 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,341,251 |
Land And Building | 8,361,478 |
Other Fixed Assets | 1,186,335 |
NCUSIF Deposit | 2,593,974 |
All Other Assets | 14,690,880 |
TOTAL ASSETS | 366,808,965 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,300,828 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 40,058,965 |
Regular shares | 58,149,347 |
All Other Shares & Deposits | 215,574,313 |
TOTAL SHARES & DEPOSITS | 313,782,625 |
TOTAL LIABILITIES | 315,083,453 |
Regular Reserve | 4,428,669 |
Other Reserves | 2,166,711 |
Undivided Earnings | 45,130,132 |
TOTAL EQUITY | 51,725,512 |
TOTAL LIABILITIES, SHARES, & EQUITY | 366,808,965 |
INCOME & EXPENSE | |
Loan Income | 7,693,870 |
Investment Income | 2,542,065 |
Other Income | 2,668,977 |
Total Employee Compensation & Benefits | 3,771,608 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,768,351 |
Non-operating Income & (Expense) | -39,269 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 300,000 |
Cost of Funds | 2,621,241 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,404,443 |
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