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National Credit Union Service Organization

CECIL COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION

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

Call Report

  • Commercial Loans
  • Micro Consumer Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Individual Development Accounts

Financial Summary

» See also Statement of Financial Condition
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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