Dec, 31, 2023 — CENTRAL CREDIT UNION OF MARYLAND is a federally insured state chartered credit union headquartered in BALTIMORE, MD with 1 branch location and about $43.60 million in total assets. Opened 74 years ago in 1950, CENTRAL CREDIT UNION OF MARYLAND has about 4,791 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENTRAL CREDIT UNION OF MARYLAND |
|---|---|
| Address: (Main Office) | 8501 La Salle Rd BALTIMORE, MD 21286-5914 |
| Phone: | (410) 828-4500 |
| Fax: | (410) 337-4905 |
| Website: | https://www.ccumd.org |
| Branches: | 1 branch locations |
| Members: | 4,791 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66340 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,597,702 |
| CEO/Manager: | Lisa Jester |
| Chairperson: | Gary Martin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,958,007 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,039,409 |
| Unsecured Loans | 1,660,867 |
| Other Loans | 13,856,634 |
| TOTAL LOANS | 19,556,910 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -209,759 |
| Land And Building | 0 |
| Other Fixed Assets | 2,004 |
| NCUSIF Deposit | 414,904 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,597,702 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 214,170 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,702,217 |
| Regular shares | 30,152,722 |
| All Other Shares & Deposits | 2,930,619 |
| TOTAL SHARES & DEPOSITS | 38,785,560 |
| TOTAL LIABILITIES | 38,999,730 |
| Regular Reserve | 0 |
| Other Reserves | 3,035,386 |
| Undivided Earnings | 1,562,586 |
| TOTAL EQUITY | 4,597,972 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,597,702 |
| INCOME & EXPENSE | |
| Loan Income | 961,344 |
| Investment Income | 695,271 |
| Other Income | 600,356 |
| Total Employee Compensation & Benefits | 747,561 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,097,180 |
| Non-operating Income & (Expense) | -2,321 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
| Cost of Funds | 25,708 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 364,201 |
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