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MID-ATLANTIC FEDERAL CREDIT UNION

Mar, 31, 2021 — MID-ATLANTIC FEDERAL CREDIT UNION is a federal credit union headquartered in Germantown, MD with 4 branch locations and about $403.89 million in total assets. Opened 53 years ago in 1968, MID-ATLANTIC FEDERAL CREDIT UNION has about 19,997 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.


ABA Routing Number: 255077477
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:http://www.mafcu.org
Branches:4 branch locations
Members:19,997
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$403,893,429
CEO/Manager:William A Brooks, Sr.
Chairperson:Randy Scritchfield

Call Report

  • Commercial Loans
  • Indirect Commercial Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 64,259,743
TOTAL INVESTMENTS 13,152,521
Loans Held for Sale 0
 
 Real Estate Loans 258,642,913
 Unsecured Loans 25,227,358
 Other Loans 25,982,365
 TOTAL LOANS 309,852,636
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,046,918
 Land And Building 4,043,645
 Other Fixed Assets 1,983,083
 NCUSIF Deposit 3,101,269
 All Other Assets 9,547,450
  TOTAL ASSETS 403,893,429
LIABILITIES & CAPITAL:  
 Dividends Payable 103,500
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,921,921
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 132,788,562
 Regular shares 142,572,149
 All Other Shares & Deposits 99,337,199
  TOTAL SHARES & DEPOSITS 374,697,910
  TOTAL LIABILITIES 377,723,331
 Regular Reserve 5,422,176
 Other Reserves 536,331
 Undivided Earnings 20,211,591
  TOTAL EQUITY 26,170,098
  TOTAL LIABILITIES, SHARES, & EQUITY 403,893,429
INCOME & EXPENSE  
 Loan Income 2,701,367
 Investment Income 69,215
 Other Income 506,479
 Total Employee Compensation & Benefits 1,440,354
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,586,063
 Non-operating Income & (Expense) 66,306
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 47,179
 Cost of Funds 153,960
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 565,735
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