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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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