Sep, 30, 2025 — ACT 1ST FEDERAL CREDIT UNION is a federal credit union headquartered in LAVALE, MD with 3 branch locations and about $143.81 million in total assets. Opened 76 years ago in 1950, ACT 1ST FEDERAL CREDIT UNION has about 11,945 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ACT 1ST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 14316 National Hwy SW LAVALE, MD 21502 |
| Phone: | (301) 729-8015 |
| Fax: | (301) 729-2147 |
| Website: | https://www.act1stfcu.org |
| Branches: | 3 branch locations |
| Members: | 11,945 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6679 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $143,813,817 |
| CEO/Manager: | Stephanie Boyd |
| Chairperson: | Shawnee L McElfish |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,043,002 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,182,989 |
| Unsecured Loans | 5,841,382 |
| Other Loans | 71,604,575 |
| TOTAL LOANS | 107,661,557 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,173,938 |
| Land And Building | 3,793,320 |
| Other Fixed Assets | 1,159,033 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,256,408 |
| All Other Assets | 0 |
| TOTAL ASSETS | 143,813,817 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 403,709 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,102,983 |
| Regular shares | 53,594,960 |
| All Other Shares & Deposits | 60,458,056 |
| TOTAL SHARES & DEPOSITS | 132,155,999 |
| TOTAL LIABILITIES | 132,559,708 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 11,254,109 |
| TOTAL EQUITY | 11,254,109 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 143,813,817 |
| INCOME & EXPENSE | |
| Loan Income | 5,126,661 |
| Investment Income | 712,257 |
| Other Income | 489,935 |
| Total Employee Compensation & Benefits | 1,646,385 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,063,732 |
| Non-operating Income & (Expense) | -73 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 722,704 |
| Cost of Funds | 1,525,922 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 805,494 |
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