Dec, 31, 2023 — CEDAR POINT FEDERAL CREDIT UNION is a federal credit union headquartered in LEXINGTON PARK, MD with 6 branch locations and about $772.08 million in total assets. Opened 79 years ago in 1945, CEDAR POINT FEDERAL CREDIT UNION has about 47,295 members and employs 131 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CEDAR POINT FEDERAL CREDIT UNION |
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Address: (Main Office) | 22745 Maple Rd LEXINGTON PARK, MD 20653 |
Phone: | (301) 863-7071 |
Fax: | (301) 863-0137 |
Website: | https://www.cpfcu.com |
Branches: | 6 branch locations |
Members: | 47,295 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5234 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1945 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $772,077,380 |
CEO/Manager: | Charles Roach |
Chairperson: | Robert Clements |
ASSETS: | $ Amount |
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Cash & Equivalents | 86,988,671 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 257,627,684 |
Unsecured Loans | 25,624,028 |
Other Loans | 165,931,686 |
TOTAL LOANS | 449,183,398 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,763,504 |
Land And Building | 17,661,107 |
Other Fixed Assets | 4,361,466 |
NCUSIF Deposit | 6,910,346 |
All Other Assets | 0 |
TOTAL ASSETS | 772,077,380 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 635,991 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 7,645,929 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 179,960,612 |
Regular shares | 309,330,910 |
All Other Shares & Deposits | 218,620,284 |
TOTAL SHARES & DEPOSITS | 707,911,805 |
TOTAL LIABILITIES | 716,193,725 |
Regular Reserve | 0 |
Other Reserves | -14,305,171 |
Undivided Earnings | 70,188,826 |
TOTAL EQUITY | 55,883,655 |
TOTAL LIABILITIES, SHARES, & EQUITY | 772,077,380 |
INCOME & EXPENSE | |
Loan Income | 18,651,603 |
Investment Income | 7,743,515 |
Other Income | 1,473,136 |
Total Employee Compensation & Benefits | 11,125,100 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,358,803 |
Non-operating Income & (Expense) | 19,991 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 766,244 |
Cost of Funds | 4,494,837 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,584,242 |
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