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POTOMAC FEDERAL CREDIT UNION

Jun, 30, 2021 — POTOMAC FEDERAL CREDIT UNION is a federal credit union headquartered in CUMBERLAND, MD with 2 branch locations and about $36.49 million in total assets. Opened 67 years ago in 1954, POTOMAC FEDERAL CREDIT UNION has about 4,083 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 252177147
Name:POTOMAC FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 1382
CUMBERLAND, MD 21501
Phone:(301) 722-5522
Fax:(301) 722-3168
Website:http://potomacfcu.org
Branches:2 branch locations
Members:4,083
Credit Union Type:Federal Credit Union
Charter Number:9445
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1954
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$36,486,438
CEO/Manager:Kim S Robertson
Chairperson:Charles A Koelker Jr

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,792,541
TOTAL INVESTMENTS 4,178,018
Loans Held for Sale 0
 
 Real Estate Loans 1,288,245
 Unsecured Loans 3,242,099
 Other Loans 16,969,936
 TOTAL LOANS 21,500,280
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -159,313
 Land And Building 652,649
 Other Fixed Assets 99,012
 NCUSIF Deposit 307,684
 All Other Assets 115,567
  TOTAL ASSETS 36,486,438
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 187,932
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,353,479
 Regular shares 21,815,220
 All Other Shares & Deposits 5,463,334
  TOTAL SHARES & DEPOSITS 32,632,033
  TOTAL LIABILITIES 32,819,965
 Regular Reserve 1,222,733
 Other Reserves 277,166
 Undivided Earnings 2,166,574
  TOTAL EQUITY 3,666,473
  TOTAL LIABILITIES, SHARES, & EQUITY 36,486,438
INCOME & EXPENSE  
 Loan Income 597,444
 Investment Income 30,279
 Other Income 138,551
 Total Employee Compensation & Benefits 402,759
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 398,331
 Non-operating Income & (Expense) 6,360
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -14,745
 Cost of Funds 51,967
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 24,043
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