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CPM FEDERAL CREDIT UNION

Mar, 31, 2021 — CPM FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH CHARLESTO, SC with 13 branch locations and about $522.74 million in total assets. Opened 66 years ago in 1955, CPM FEDERAL CREDIT UNION has about 59,767 members and employs 174 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: 253279536
Name:CPM FEDERAL CREDIT UNION
Address:
(Main Office)
1066 E MONTAGUE AVE
NORTH CHARLESTO, SC 29405
Phone:(800) 255-1513
Fax:(843) 566-9312
Website:http://www.cpmfed.com
Branches:13 branch locations
Members:59,767
Credit Union Type:Federal Credit Union
Charter Number:21971
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$522,737,592
CEO/Manager:James Gergen
Chairperson:Michael Chodnicki

Call Report

  • Commercial Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 136,352,107
TOTAL INVESTMENTS 96,557,583
Loans Held for Sale 1,071,453
 
 Real Estate Loans 147,446,516
 Unsecured Loans 25,111,241
 Other Loans 65,889,239
 TOTAL LOANS 238,626,801
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,811,674
 Land And Building 18,648,032
 Other Fixed Assets 2,505,733
 NCUSIF Deposit 3,949,277
 All Other Assets 26,838,280
  TOTAL ASSETS 522,737,592
LIABILITIES & CAPITAL:  
 Dividends Payable 22
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,660,174
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 112,097,240
 Regular shares 204,234,005
 All Other Shares & Deposits 154,592,897
  TOTAL SHARES & DEPOSITS 470,924,142
  TOTAL LIABILITIES 477,584,338
 Regular Reserve 4,481,474
 Other Reserves -2,732,814
 Undivided Earnings 43,404,594
  TOTAL EQUITY 45,153,254
  TOTAL LIABILITIES, SHARES, & EQUITY 522,737,592
INCOME & EXPENSE  
 Loan Income 2,672,976
 Investment Income 279,669
 Other Income 1,808,377
 Total Employee Compensation & Benefits 2,645,554
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,839,322
 Non-operating Income & (Expense) 17,450
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -103,402
 Cost of Funds 195,434
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 888,832
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