Dec, 31, 2023 — FIVE STAR OF MARYLAND FEDERAL CREDIT UNION is a federal credit union headquartered in BALTIMORE, MD with 3 branch locations and about $56.99 million in total assets. Opened 55 years ago in 1969, FIVE STAR OF MARYLAND FEDERAL CREDIT UNION has about 5,165 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIVE STAR OF MARYLAND FEDERAL CREDIT UNION |
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Address: (Main Office) | 716 Maiden Choice Ln BALTIMORE, MD 21228 |
Phone: | (443) 844-3242 |
Fax: | (410) 869-8293 |
Website: | https://www.fivestarfcu.org |
Branches: | 3 branch locations |
Members: | 5,165 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19668 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $56,990,277 |
CEO/Manager: | James M Whipp |
Chairperson: | Paul Coakley |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,817,017 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,877,425 |
Unsecured Loans | 2,977,454 |
Other Loans | 8,637,880 |
TOTAL LOANS | 26,492,759 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,754 |
Land And Building | 609,539 |
Other Fixed Assets | 91,112 |
NCUSIF Deposit | 518,656 |
All Other Assets | 0 |
TOTAL ASSETS | 56,990,277 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 68,891 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 185,450 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,627,562 |
Regular shares | 30,508,901 |
All Other Shares & Deposits | 11,582,127 |
TOTAL SHARES & DEPOSITS | 49,718,589 |
TOTAL LIABILITIES | 49,972,930 |
Regular Reserve | 0 |
Other Reserves | 1,759,569 |
Undivided Earnings | 5,257,778 |
TOTAL EQUITY | 7,017,347 |
TOTAL LIABILITIES, SHARES, & EQUITY | 56,990,277 |
INCOME & EXPENSE | |
Loan Income | 1,337,028 |
Investment Income | 605,250 |
Other Income | 340,890 |
Total Employee Compensation & Benefits | 1,092,819 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 943,938 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -27,066 |
Cost of Funds | 253,920 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 160,294 |
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