Sep, 30, 2025 — LOCAL 355 MD FEDERAL CREDIT UNION is a federal credit union headquartered in BALTIMORE, MD with 1 branch location and about $5.60 million in total assets. Opened 64 years ago in 1962, LOCAL 355 MD FEDERAL CREDIT UNION has about 1,442 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: | 1,442 |
| 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: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,602,517 |
| CEO/Manager: | Patricia Boulter |
| Chairperson: | Lloyd E Elgert Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 993,968 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 284,582 |
| Other Loans | 318,031 |
| TOTAL LOANS | 602,614 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,297 |
| Land And Building | 0 |
| Other Fixed Assets | 3,033 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 46,145 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,602,517 |
| 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 | 4,468,789 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,468,788 |
| TOTAL LIABILITIES | 4,468,788 |
| Regular Reserve | 0 |
| Other Reserves | 101,180 |
| Undivided Earnings | 1,032,549 |
| TOTAL EQUITY | 1,133,729 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,602,517 |
| INCOME & EXPENSE | |
| Loan Income | 50,143 |
| Investment Income | 82,912 |
| Other Income | 1,677 |
| Total Employee Compensation & Benefits | 64,220 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 26,905 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 9,983 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 33,624 |
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