Overview / Commentary
ACT 1st Federal Credit Union is headquartered in LaVale and is the 34th largest credit union in the state of Maryland. It is also the 1,434th largest credit union in the nation. It was established in 1950 and as of June of 2019, it had grown to 45 employees and 11,971 members at 3 locations. ACT 1st Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Must be an employee of the Allegany County Board of Education, Allegany College of Maryland or Allegany County Teachers' Association. Students attending School in the Allegany County School System and at Allegany College of Maryland are also eligible.
See current membership details
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Health
B+
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6679 |
| Year Chartered | 1950 |
| Employees | 45 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.42% |
| Return on Equity - YTD | 4.35% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $125.2MM$107.9MM |
| Loans | Q2 2019vs Q2 2018 | $104.7MM$81.8MM |
| Deposits | Q2 2019vs Q2 2018 | $113.1MM$96.5MM |
| Equity Capital | Q2 2019vs Q2 2018 | $12.0MM$11.5MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $449.00K$344.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $796.00K$210.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $62.00K$11.00K |
Rates
Rates for ACT 1st Federal Credit Union are currently being reviewed.
Locations
| ACT 1st Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 14316 National Hwy SW | LaVale, MD 21502 |
| Branch Office | 11905 Messick Rd SE | Cumberland, MD 21502-8714 |
| Branch Office | 204 S Lee St | Cumberland, MD 21502 |