Jun, 30, 2024 — FIVE STAR OF MARYLAND FEDERAL CREDIT UNION is a federal credit union headquartered in BALTIMORE, MD with 3 branch locations and about $62.10 million in total assets. Opened 56 years ago in 1969, FIVE STAR OF MARYLAND FEDERAL CREDIT UNION has about 5,606 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIVE STAR OF MARYLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 716 Maiden Choice Ln BALTIMORE, MD 21228 |
| Phone: | (443) 844-3242 |
| Fax: | (410) 869-8293 |
| Website: | https://www.fivestarfcu.org |
| Branches: | 3 branch locations |
| Members: | 5,606 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19668 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $62,097,859 |
| CEO/Manager: | James M Whipp |
| Chairperson: | Paul Coakley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,538,597 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,373,075 |
| Unsecured Loans | 3,104,246 |
| Other Loans | 6,620,692 |
| TOTAL LOANS | 25,098,013 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,267 |
| Land And Building | 621,937 |
| Other Fixed Assets | 19,507 |
| NCUSIF Deposit | 547,573 |
| All Other Assets | 0 |
| TOTAL ASSETS | 62,097,859 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,882 |
| Notes & Interest Payable | 150,000 |
| Accounts Payable & Other Liabilities | 156,194 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,572,999 |
| Regular shares | 39,612,455 |
| All Other Shares & Deposits | 7,999,928 |
| TOTAL SHARES & DEPOSITS | 55,185,382 |
| TOTAL LIABILITIES | 55,501,458 |
| Regular Reserve | 0 |
| Other Reserves | 1,759,569 |
| Undivided Earnings | 4,836,832 |
| TOTAL EQUITY | 6,596,401 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 62,097,859 |
| INCOME & EXPENSE | |
| Loan Income | 808,565 |
| Investment Income | 317,245 |
| Other Income | 262,371 |
| Total Employee Compensation & Benefits | 733,361 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 658,065 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,022 |
| Cost of Funds | 40,714 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 65,060 |
| ↑ Back to Top | |