Mar, 31, 2021 — CECIL COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ELKTON, MD with 1 branch location and about $31.85 million in total assets. Opened 68 years ago in 1953, CECIL COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 3,302 members and employs 9 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 STREET ELKTON, MD 21921 |
| Phone: | (410) 398-6921 |
| Fax: | (410) 398-0032 |
| Website: | http://www.ccsefcu.org |
| Branches: | 1 branch locations |
| Members: | 3,302 |
| 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: | Jan 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,848,900 |
| CEO/Manager: | Kimberly L Wyre |
| Chairperson: | James G Raab |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,728,462 |
| TOTAL INVESTMENTS | 13,772,353 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 474,270 |
| Unsecured Loans | 3,516,501 |
| Other Loans | 7,209,728 |
| TOTAL LOANS | 11,200,499 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -293,277 |
| Land And Building | 16,901 |
| Other Fixed Assets | 35,475 |
| NCUSIF Deposit | 269,380 |
| All Other Assets | 119,107 |
| TOTAL ASSETS | 31,848,900 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 360 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 252,676 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,455,695 |
| Regular shares | 19,262,822 |
| All Other Shares & Deposits | 3,702,044 |
| TOTAL SHARES & DEPOSITS | 29,420,561 |
| TOTAL LIABILITIES | 29,673,597 |
| Regular Reserve | 266,131 |
| Other Reserves | 0 |
| Undivided Earnings | 1,909,172 |
| TOTAL EQUITY | 2,175,303 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,848,900 |
| INCOME & EXPENSE | |
| Loan Income | 186,096 |
| Investment Income | 35,266 |
| Other Income | 15,500 |
| Total Employee Compensation & Benefits | 93,571 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 150,545 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 44,560 |
| Cost of Funds | 13,490 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -17,980 |
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