Sep, 30, 2025 — CPM FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH CHARLESTON, SC with 11 branch locations and about $680.59 million in total assets. Opened 71 years ago in 1955, CPM FEDERAL CREDIT UNION has about 66,406 members and employs 201 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CPM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1066 E Montague Ave NORTH CHARLESTON, SC 29405 |
| Phone: | (800) 255-1513 |
| Fax: | (843) 566-9312 |
| Website: | https://www.cpmfed.com |
| Branches: | 11 branch locations |
| Members: | 66,406 |
| 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, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $680,589,437 |
| CEO/Manager: | James Gergen |
| Chairperson: | Michael Chodnicki |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 64,804,517 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 635,158 |
| Real Estate Loans | 319,863,426 |
| Unsecured Loans | 44,599,041 |
| Other Loans | 107,598,920 |
| TOTAL LOANS | 472,128,771 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,759,696 |
| Land And Building | 17,734,611 |
| Other Fixed Assets | 532,786 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,653,103 |
| All Other Assets | 312,064 |
| TOTAL ASSETS | 680,589,437 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,665,165 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 117,678,533 |
| Regular shares | 196,150,876 |
| All Other Shares & Deposits | 295,967,990 |
| TOTAL SHARES & DEPOSITS | 609,797,399 |
| TOTAL LIABILITIES | 616,462,564 |
| Regular Reserve | 0 |
| Other Reserves | -955,432 |
| Undivided Earnings | 65,082,305 |
| TOTAL EQUITY | 64,126,873 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 680,589,437 |
| INCOME & EXPENSE | |
| Loan Income | 20,513,625 |
| Investment Income | 3,828,129 |
| Other Income | 6,234,038 |
| Total Employee Compensation & Benefits | 13,708,510 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,485,070 |
| Non-operating Income & (Expense) | -92,236 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,682,675 |
| Cost of Funds | 6,441,394 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,328,130 |
| ↑ Back to Top | |