Sep, 30, 2025 — MID-ATLANTIC FEDERAL CREDIT UNION is a federal credit union headquartered in GERMANTOWN, MD with 4 branch locations and about $439.50 million in total assets. Opened 58 years ago in 1968, MID-ATLANTIC FEDERAL CREDIT UNION has about 17,902 members and employs 62 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MID-ATLANTIC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12820 Wisteria Dr GERMANTOWN, MD 20874-2627 |
| Phone: | (301) 944-1800 |
| Fax: | (301) 944-1801 |
| Website: | https://www.mafcu.org |
| Branches: | 4 branch locations |
| Members: | 17,902 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18716 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $439,499,928 |
| CEO/Manager: | Tamara Schiavone |
| Chairperson: | Randy Scritchfield |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 70,975,604 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 276,065,598 |
| Unsecured Loans | 14,074,376 |
| Other Loans | 21,022,847 |
| TOTAL LOANS | 311,162,821 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,202,609 |
| Land And Building | 3,345,347 |
| Other Fixed Assets | 1,478,014 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,304,623 |
| All Other Assets | 1,584,665 |
| TOTAL ASSETS | 439,499,928 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 942,424 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,172,382 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 112,398,572 |
| Regular shares | 102,569,627 |
| All Other Shares & Deposits | 172,258,368 |
| TOTAL SHARES & DEPOSITS | 387,226,568 |
| TOTAL LIABILITIES | 392,341,374 |
| Regular Reserve | 0 |
| Other Reserves | 240,161 |
| Undivided Earnings | 46,918,393 |
| TOTAL EQUITY | 47,158,554 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 439,499,928 |
| INCOME & EXPENSE | |
| Loan Income | 11,206,517 |
| Investment Income | 3,388,679 |
| Other Income | 771,534 |
| Total Employee Compensation & Benefits | 5,080,263 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,992,495 |
| Non-operating Income & (Expense) | 175,163 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -34,660 |
| Cost of Funds | 4,505,976 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,264,776 |
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