Sep, 30, 2022 — CECIL COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ELKTON, MD with 1 branch location and about $29.77 million in total assets. Opened 70 years ago in 1953, CECIL COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 3,080 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 |
|---|---|
| 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: | 3,080 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,770,955 |
| CEO/Manager: | Kimberly L Wyre |
| Chairperson: | James G Raab |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,157,099 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 178,673 |
| Unsecured Loans | 3,067,055 |
| Other Loans | 6,048,003 |
| TOTAL LOANS | 9,293,731 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -225,656 |
| Land And Building | 25,176 |
| Other Fixed Assets | 10,400 |
| NCUSIF Deposit | 293,383 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,770,955 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 135,077 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,532,489 |
| Regular shares | 19,104,368 |
| All Other Shares & Deposits | 1,597,843 |
| TOTAL SHARES & DEPOSITS | 27,234,700 |
| TOTAL LIABILITIES | 27,369,777 |
| Regular Reserve | 0 |
| Other Reserves | 266,131 |
| Undivided Earnings | 2,135,047 |
| TOTAL EQUITY | 2,401,178 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,770,955 |
| INCOME & EXPENSE | |
| Loan Income | 454,951 |
| Investment Income | 143,466 |
| Other Income | 57,870 |
| Total Employee Compensation & Benefits | 249,019 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 445,617 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 4,905 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 115,070 |
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