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LOCAL 355 MD FEDERAL CREDIT UNION

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
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
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

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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