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CECIL COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION

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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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