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Al Gar Federal Credit Union

Popular Accounts at this Credit Union

0.75%1-year CD12 Month Share Certificate
0.25%SavingsShare Account
1.16%3-year CD36 Month Share Certificate

Overview / Commentary
316 Paca St
Cumberland, MD 21502

Al Gar Federal Credit Union is headquartered in Cumberland and is the 44th largest credit union in the state of Maryland. It is also the 2,795th largest credit union in the nation. It was established in 1954 and as of September of 2017, it had grown to 10 employees and 3,158 members at 2 locations. Al Gar Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship, and businesses and legal entities located in Allegany County, Mineral County and Western Hampshire County in West Virginia, Eastern Garrett County in Maryland. Membership is also open to employees of U.S. Postal Service in Cumberland Sectional Center of Cumberland, Maryland, and other select local organizations.
See current membership details


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Al Gar Federal Credit Union has a low asset base.

Health Grade Components

NCUA #9183
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD-0.43%
Return on Equity - YTD-2.52%
Annual Interest Income$806.00K
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$32.8MM$33.4MM
LoansQ3 2017vs Q3 2016$15.7MM$16.9MM
DepositsQ3 2017vs Q3 2016$27.1MM$27.5MM
Equity CapitalQ3 2017vs Q3 2016$5.7MM$5.8MM
Loan Loss AllowanceQ3 2017vs Q3 2016$110.00K$107.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$193.00K$296.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Al Gar Federal Credit Union Savings Account Rates

0.75%--IRA Shares
0.25%*$10k*-Share Account
OTHER TIERS: 0.10% Up to $5k | 0.15% $5k - $10k

Al Gar Federal Credit Union Money Market Rates

0.25%*$100k*-Money Market Draft
OTHER TIERS: 0.15% $2,500 - $40k | 0.20% $40k - $100k

Al Gar Federal Credit Union CD Rates

1.16%$500-36 Month Share Certificate
1.00%$500-24 Month Share Certificate
0.80%$500-18 Month Share Certificate
0.75%$500-12 Month Share Certificate
0.65%$500-6 Month Share Certificate

Al Gar Federal Credit Union IRA Rates

1.16%$500-36 Month IRA

Al Gar Federal Credit Union Locations
Branch Office100 Bishop Murphy DrFrostburg, MD 21532-1328
Branch Office316 Paca StCumberland, MD 21502-2817