Dec, 31, 2023 — CECIL COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ELKTON, MD with 1 branch location and about $27.33 million in total assets. Opened 71 years ago in 1953, CECIL COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 2,896 members and employs 8 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: | 2,896 |
| 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: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,331,879 |
| CEO/Manager: | Kimberly L Wyre |
| Chairperson: | James G Raab |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,579,950 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 114,834 |
| Unsecured Loans | 2,811,433 |
| Other Loans | 7,462,076 |
| TOTAL LOANS | 10,388,343 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -99,492 |
| Land And Building | 8,255 |
| Other Fixed Assets | 12,453 |
| NCUSIF Deposit | 293,383 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,331,879 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 471 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 113,081 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,171,436 |
| Regular shares | 17,303,083 |
| All Other Shares & Deposits | 1,125,929 |
| TOTAL SHARES & DEPOSITS | 24,600,447 |
| TOTAL LIABILITIES | 24,713,999 |
| Regular Reserve | 0 |
| Other Reserves | 266,131 |
| Undivided Earnings | 2,351,749 |
| TOTAL EQUITY | 2,617,880 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,331,879 |
| INCOME & EXPENSE | |
| Loan Income | 590,531 |
| Investment Income | 332,142 |
| Other Income | 79,748 |
| Total Employee Compensation & Benefits | 388,448 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 614,990 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,000 |
| Cost of Funds | 41,202 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 111,629 |
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