Dec, 31, 2021 — CECIL COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ELKTON, MD with 1 branch location and about $31.74 million in total assets. Opened 69 years ago in 1953, CECIL COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 3,179 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CECIL COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 203 Booth St ELKTON, MD 21921-5646 |
Phone: | (410) 398-6921 |
Fax: | (410) 398-0032 |
Website: | http://www.ccsefcu.org |
Branches: | 1 branch locations |
Members: | 3,179 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8549 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Jan 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,737,038 |
CEO/Manager: | Kimberly L Wyre |
Chairperson: | James G Raab |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,457,636 |
TOTAL INVESTMENTS | 15,477,034 |
Loans Held for Sale | 0 |
Real Estate Loans | 337,950 |
Unsecured Loans | 3,240,739 |
Other Loans | 6,064,466 |
TOTAL LOANS | 9,643,155 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -265,921 |
Land And Building | 30,326 |
Other Fixed Assets | 16,867 |
NCUSIF Deposit | 288,917 |
All Other Assets | 89,024 |
TOTAL ASSETS | 31,737,038 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 120 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 112,530 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,690,665 |
Regular shares | 20,116,552 |
All Other Shares & Deposits | 2,531,063 |
TOTAL SHARES & DEPOSITS | 29,338,280 |
TOTAL LIABILITIES | 29,450,930 |
Regular Reserve | 266,131 |
Other Reserves | 0 |
Undivided Earnings | 2,019,977 |
TOTAL EQUITY | 2,286,108 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,737,038 |
INCOME & EXPENSE | |
Loan Income | 693,052 |
Investment Income | 147,353 |
Other Income | 83,929 |
Total Employee Compensation & Benefits | 377,730 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 594,451 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,960 |
Cost of Funds | 22,493 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 92,826 |
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