Dec, 31, 2023 — TIDEMARK FEDERAL CREDIT UNION is a federal credit union headquartered in SEAFORD, DE with 5 branch locations and about $468.80 million in total assets. Opened 65 years ago in 1959, TIDEMARK FEDERAL CREDIT UNION has about 21,064 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TIDEMARK FEDERAL CREDIT UNION |
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Address: (Main Office) | 1941 Bridgeville Hwy SEAFORD, DE 19973 |
Phone: | (302) 629-0100 |
Fax: | |
Website: | https://www.tidemarkfcu.org |
Branches: | 5 branch locations |
Members: | 21,064 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13121 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $468,804,376 |
CEO/Manager: | Pamela Fleuette |
Chairperson: | John W Lewis |
ASSETS: | $ Amount |
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Cash & Equivalents | 20,182,532 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 134,536,783 |
Unsecured Loans | 10,643,939 |
Other Loans | 49,072,531 |
TOTAL LOANS | 194,253,253 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,693,056 |
Land And Building | 7,695,510 |
Other Fixed Assets | 839,370 |
NCUSIF Deposit | 3,862,385 |
All Other Assets | 0 |
TOTAL ASSETS | 468,804,376 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,399,014 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 48,253,070 |
Regular shares | 78,569,476 |
All Other Shares & Deposits | 293,069,583 |
TOTAL SHARES & DEPOSITS | 419,892,129 |
TOTAL LIABILITIES | 421,291,143 |
Regular Reserve | 0 |
Other Reserves | -15,159,592 |
Undivided Earnings | 62,672,825 |
TOTAL EQUITY | 47,513,233 |
TOTAL LIABILITIES, SHARES, & EQUITY | 468,804,376 |
INCOME & EXPENSE | |
Loan Income | 9,115,312 |
Investment Income | 6,094,018 |
Other Income | 906,779 |
Total Employee Compensation & Benefits | 4,496,668 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,872,426 |
Non-operating Income & (Expense) | 11,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 7,217,237 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,237,512 |
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