Sep, 30, 2025 — CHESSIE FEDERAL CREDIT UNION is a federal credit union headquartered in CUMBERLAND, MD with 10 branch locations and about $421.55 million in total assets. Opened 78 years ago in 1948, CHESSIE FEDERAL CREDIT UNION has about 34,035 members and employs 98 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHESSIE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 15 Commerce Dr CUMBERLAND, MD 21502 |
| Phone: | (301) 777-1781 |
| Fax: | (301) 777-1757 |
| Website: | https://www.chessiefcu.org |
| Branches: | 10 branch locations |
| Members: | 34,035 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5636 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $421,549,513 |
| CEO/Manager: | Scott Kline |
| Chairperson: | Walter R Beall |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 116,406,605 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 139,654,781 |
| Unsecured Loans | 15,622,366 |
| Other Loans | 76,412,142 |
| TOTAL LOANS | 232,820,493 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,796,598 |
| Land And Building | 11,690,115 |
| Other Fixed Assets | 3,666,498 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,398,008 |
| All Other Assets | 215,684 |
| TOTAL ASSETS | 421,549,513 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,735,347 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 77,649,025 |
| Regular shares | 182,378,630 |
| All Other Shares & Deposits | 102,971,173 |
| TOTAL SHARES & DEPOSITS | 362,998,828 |
| TOTAL LIABILITIES | 365,996,906 |
| Regular Reserve | 0 |
| Other Reserves | 12,202,310 |
| Undivided Earnings | 43,350,297 |
| TOTAL EQUITY | 55,552,607 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 421,549,513 |
| INCOME & EXPENSE | |
| Loan Income | 10,527,476 |
| Investment Income | 4,934,485 |
| Other Income | 3,201,061 |
| Total Employee Compensation & Benefits | 5,340,527 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,518,610 |
| Non-operating Income & (Expense) | -89 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 586,863 |
| Cost of Funds | 1,988,113 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,593,571 |
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