AL GAR FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.algarfcu.org for more information.
Sep, 30, 2025 — AL GAR FEDERAL CREDIT UNION is a federal credit union headquartered in CUMBERLAND, MD with 2 branch locations and about $33.24 million in total assets. Opened 72 years ago in 1954, AL GAR FEDERAL CREDIT UNION has about 2,915 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: | AL GAR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 316 PACA ST CUMBERLAND, MD 21502-2817 |
| Phone: | (301) 722-5446 |
| Fax: | (301) 777-3152 |
| Website: | https://www.algarfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,915 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9183 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,235,863 |
| CEO/Manager: | Todd M Riggleman |
| Chairperson: | James M Lambert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,028,542 |
| TOTAL INVESTMENTS | 6,851,159 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,663,972 |
| Unsecured Loans | 1,637,699 |
| Other Loans | 11,319,411 |
| TOTAL LOANS | 16,621,082 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,942 |
| Land And Building | 420,901 |
| Other Fixed Assets | 30,933 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 260,327 |
| All Other Assets | 1,089,861 |
| TOTAL ASSETS | 33,235,863 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 40,979 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,671,047 |
| Regular shares | 16,885,212 |
| All Other Shares & Deposits | 6,170,133 |
| TOTAL SHARES & DEPOSITS | 27,726,392 |
| TOTAL LIABILITIES | 27,767,371 |
| Regular Reserve | 797,239 |
| Other Reserves | -9 |
| Undivided Earnings | 4,671,262 |
| TOTAL EQUITY | 5,468,492 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,235,863 |
| INCOME & EXPENSE | |
| Loan Income | 421,194 |
| Investment Income | 115,237 |
| Other Income | 109,181 |
| Total Employee Compensation & Benefits | 232,031 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 357,097 |
| Non-operating Income & (Expense) | 1,905 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -21,921 |
| Cost of Funds | 47,519 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 32,791 |
| ↑ Back to Top | |