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Cedar Point Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.70%5-year CD60 Month CD
1.85% - Synchrony Bank 60 Month CDAdvertisement
0.17%1-year CD12 Month Easy Builder CD
0.48% - National Average
0.10%SavingsSub-Shares
0.18% - National Average
View all Cedar Point Federal Credit Union rates »

Overview / Commentary
www.cpfcu.com
301-863-7071
22745 Maple Rd
Lexington Park, MD 20653

Cedar Point Federal Credit Union is headquartered in Lexington Park and is the 12th largest credit union in the state of Maryland. It is also the 564th largest credit union in the nation. It was established in 1945 and as of June of 2016, it had grown to 98 employees and 42,822 members at 6 locations. Cedar Point Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, regularly conduct business, worship, or attend school in, and businesses and other legal entities located in Calvert, Charles, and St. Mary’s Counties, Maryland and their immediate family.
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Reviews (1)

Review of Cedar Point Federal Credit Union

Posted by: G.M. | Oct 5, 2014

Cedar Point Federal Credit Union serves the populations in Charles, Calvert, and St. Mary's counties in southern Maryland. When compared to other banks in the area, Cedar Point tends to offer better rates on savings accounts, IRAs, and loans. I've used this particular credit union twice to obtain loans. The first was a smaller personal loan for school and the second was a car loan. The process for obtaining both was easy and straightforward. The only negative aspect associated with this credit union concerns their website. Because they're a smaller institution, they don't put as much into an online presence as larger banks. However, important information regarding financial instruments is present and basic transactions are available.

1


Health
A

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
NCUA #5234
Year Chartered1945
Employees98
Primary Regulator
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD4.78%
Annual Interest Income$5.6MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$441.2MM$428.8MM
LoansQ2 2016vs Q2 2015$186.2MM$179.6MM
DepositsQ2 2016vs Q2 2015$396.9MM$386.4MM
Equity CapitalQ2 2016vs Q2 2015$42.8MM$40.6MM
Loan Loss AllowanceQ2 2016vs Q2 2015$1.4MM$1.8MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$1.0MM$742.00K
Real Estate OwnedQ2 2016vs Q2 2015$75.00K$1.2MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cedar Point Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-CESA Share Account
0.10%$100-Shares
0.10%--Youth Account
0.10%$100-Christmas Club
0.10%$100-Sub-Shares
0.10%$100-IRA Share
0.10%$100-Roth IRA Share
0.10%$100-Business Prime Share Account
0.10%$100-Business Sub Share Account

Cedar Point Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$25k*-Money Market Account
OTHER TIERS: 0.12% → $2,500 - $25k
0.20%*$25k*-Business Money Market Account
OTHER TIERS: 0.12% → $2,500 - $25k

Cedar Point Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Share Draft
0.05%$500-Business Share Draft Account

Cedar Point Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$1k-60 Month CD
0.60%$1k-48 Month CD
0.55%$1k-36 Month CD
0.35%$1k-24 Month CD
0.30%$1k-13 Month CD
0.25%$1k-12 Month CD
0.20%$1k-9 Month CD
0.17%$250-12 Month Easy Builder CD
0.17%$50-12 Month Easy Builder Youth CD
0.15%$1k-6 Month CD
0.15%$250-6 Month Easy Builder CD
0.15%$250-9 Month Easy Builder CD
0.15%$50-6 Month Easy Builder Youth CD
0.15%$50-9 Month Easy Builder Youth CD
0.12%$1k-3 Month CD
0.12%$250-3 Month Easy Builder CD
0.12%$50-3 Month Easy Builder Youth CD

Cedar Point Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$500-60 Month IRA
0.70%$500-60 Month CESA
0.60%$500-48 Month IRA
0.60%$500-48 Month CESA
0.55%$500-36 Month IRA
0.55%$500-36 Month CESA
0.35%$500-24 Month IRA
0.35%$500-24 Month CESA
0.30%$1k-13 Month IRA
0.30%$1k-13 Month CESA
0.25%$500-12 Month IRA
0.25%$500-12 Month CESA
Locations


Cedar Point Federal Credit Union Locations
Branch Office30330 Three Notch RdCharlotte Hall, MD 20622
Branch OfficeBuilding 3144 NASPatuxent River, MD 20670
Branch Office40885 Merchants Lane Unit 19Leonardtown, MD 20650
Branch Office22745 Maple RdLexington Park, MD 20653
Branch Office21748 Three Notch RdLexington Park, MD 20653
Branch Office90 Auto DrPrince Frederick, MD 20678-3939