Al Gar Federal Credit Union

Overview / Commentary
316 Paca St
Cumberland, MD 21502

Al Gar Federal Credit Union is headquartered in Cumberland and is the 47th largest credit union in the state of Maryland. It is also the 2,799th largest credit union in the nation. It was established in 1954 and as of December of 2019, it had grown to 8 employees and 2,984 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.
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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-0.34%
Return on Equity - YTD-2.04%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$32.0MM$31.7MM
LoansQ4 2019vs Q4 2018$17.2MM$17.1MM
DepositsQ4 2019vs Q4 2018$26.6MM$25.6MM
Equity CapitalQ4 2019vs Q4 2018$5.4MM$5.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$85.00K$110.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$109.00K$139.00K
Real Estate OwnedQ4 2019vs Q4 2018$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

1.00%$10-IRA Shares
0.25%*$10k*-Share Account
OTHER TIERS: 0.10% $5 - $5k | 0.15% $5k - $10k

Al Gar Federal Credit Union Money Market Rates

0.25%*$100k*-Money Market Draft
OTHER TIERS: 0.15% $2.5k - $40k | 0.20% $40k - $100k

Al Gar Federal Credit Union CD Rates

0.75%$500-36 Month Share Certificate
0.60%$500-24 Month Share Certificate
0.45%$500-12 Month Share Certificate
0.45%$500-18 Month Share Certificate
0.35%$500-6 Month Share Certificate

Al Gar Federal Credit Union IRA Rates

0.75%$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

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