Jun, 30, 2024 — LOCAL 355 MD FEDERAL CREDIT UNION is a federal credit union headquartered in BALTIMORE, MD with 1 branch location and about $5.88 million in total assets. Opened 63 years ago in 1962, LOCAL 355 MD FEDERAL CREDIT UNION has about 1,749 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOCAL 355 MD FEDERAL CREDIT UNION |
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Address: (Main Office) | 1030 S DUKELAND ST BALTIMORE, MD 21223-3303 |
Phone: | (410) 566-5700 |
Fax: | (410) 566-1485 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 1,749 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14815 |
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Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Aug 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,876,501 |
CEO/Manager: | Patricia Boulter |
Chairperson: | Lloyd E Elgert Jr |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,059,380 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 336,043 |
Other Loans | 392,090 |
TOTAL LOANS | 728,133 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,682 |
Land And Building | 0 |
Other Fixed Assets | 2,591 |
NCUSIF Deposit | 46,444 |
All Other Assets | 0 |
TOTAL ASSETS | 5,876,501 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,784,798 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,784,798 |
TOTAL LIABILITIES | 4,784,798 |
Regular Reserve | 0 |
Other Reserves | 101,180 |
Undivided Earnings | 990,523 |
TOTAL EQUITY | 1,091,703 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,876,501 |
INCOME & EXPENSE | |
Loan Income | 60,725 |
Investment Income | 35,932 |
Other Income | 5,440 |
Total Employee Compensation & Benefits | 67,385 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 31,371 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,334 |
Cost of Funds | 10,591 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -15,584 |
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