Sep, 30, 2025 — CECIL COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ELKTON, MD with 1 branch location and about $26.05 million in total assets. Opened 73 years ago in 1953, CECIL COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 2,527 members and employs 6 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 |
|---|---|
| Address: (Main Office) | 203 Booth St ELKTON, MD 21921-5646 |
| Phone: | (410) 398-6921 |
| Fax: | (410) 398-0032 |
| Website: | https://www.ccsefcu.org |
| Branches: | 1 branch locations |
| Members: | 2,527 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8549 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | May 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,050,496 |
| CEO/Manager: | Kimberly L Wyre |
| Chairperson: | James G Raab |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,798,729 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,605 |
| Unsecured Loans | 2,336,258 |
| Other Loans | 7,261,953 |
| TOTAL LOANS | 9,632,817 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -127,248 |
| Land And Building | 2,704 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 229,484 |
| All Other Assets | 24,337 |
| TOTAL ASSETS | 26,050,496 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 115,072 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,971,938 |
| Regular shares | 15,215,693 |
| All Other Shares & Deposits | 1,131,730 |
| TOTAL SHARES & DEPOSITS | 23,319,361 |
| TOTAL LIABILITIES | 23,434,433 |
| Regular Reserve | 0 |
| Other Reserves | 266,131 |
| Undivided Earnings | 2,349,932 |
| TOTAL EQUITY | 2,616,063 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,050,496 |
| INCOME & EXPENSE | |
| Loan Income | 485,578 |
| Investment Income | 236,152 |
| Other Income | 37,037 |
| Total Employee Compensation & Benefits | 301,278 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 424,078 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 125,000 |
| Cost of Funds | 33,011 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 414 |
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