Sep, 30, 2025 — FIRST FINANCIAL OF MARYLAND FEDERAL CREDIT UNION is a federal credit union headquartered in SPARKS, MD with 9 branch locations and about $1.33 billion in total assets. Opened 73 years ago in 1953, FIRST FINANCIAL OF MARYLAND FEDERAL CREDIT UNION has about 77,094 members and employs 180 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST FINANCIAL OF MARYLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 72 Loveton Cir SPARKS, MD 21152-9202 |
| Phone: | (410) 321-6060 |
| Fax: | (410) 321-6352 |
| Website: | https://www.firstfinancial.org |
| Branches: | 9 branch locations |
| Members: | 77,094 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8554 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,326,130,118 |
| CEO/Manager: | Eric P Church |
| Chairperson: | Robert Brenneman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 92,177,657 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 489,531,555 |
| Unsecured Loans | 110,168,357 |
| Other Loans | 263,201,714 |
| TOTAL LOANS | 862,901,626 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,603,497 |
| Land And Building | 12,967,731 |
| Other Fixed Assets | 1,050,326 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 10,006,583 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,326,130,118 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,365,571 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 210,526,080 |
| Regular shares | 521,975,345 |
| All Other Shares & Deposits | 366,959,441 |
| TOTAL SHARES & DEPOSITS | 1,099,460,866 |
| TOTAL LIABILITIES | 1,114,826,437 |
| Regular Reserve | 0 |
| Other Reserves | -20,899,742 |
| Undivided Earnings | 232,203,423 |
| TOTAL EQUITY | 211,303,681 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,326,130,118 |
| INCOME & EXPENSE | |
| Loan Income | 35,636,694 |
| Investment Income | 7,480,026 |
| Other Income | 1,671,454 |
| Total Employee Compensation & Benefits | 17,551,223 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 14,482,584 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,756,000 |
| Cost of Funds | 11,033,327 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,547,408 |
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