Cedar Point Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.70% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 0.17% | 1-year CD | 12 Month Easy Builder CD 1.05% - Ally Bank High Yield 12-Month CD |
| 0.10% | Savings | Sub-Shares 1.00% - Ally Bank Online Savings Account |
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.
See current membership details
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Review of Cedar Point Federal Credit Union
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.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5234 |
| Year Chartered | 1945 |
| Employees | 98 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.46% |
| Return on Equity - YTD | 4.78% |
| Annual Interest Income | $5.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $441.2MM$428.8MM |
| Loans | Q2 2016vs Q2 2015 | $186.2MM$179.6MM |
| Deposits | Q2 2016vs Q2 2015 | $396.9MM$386.4MM |
| Equity Capital | Q2 2016vs Q2 2015 | $42.8MM$40.6MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $1.4MM$1.8MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $1.0MM$742.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $75.00K$1.2MM |
Always verify rates and promotions with the bank or credit union. We are not Cedar Point Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $500 | - | Share Draft | |
| 0.05% | $500 | - | Business Share Draft Account |
Cedar Point Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
| Cedar Point Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 30330 Three Notch Rd | Charlotte Hall, MD 20622 |
| Branch Office | Building 3144 NAS | Patuxent River, MD 20670 |
| Branch Office | 40885 Merchants Lane Unit 19 | Leonardtown, MD 20650 |
| Branch Office | 22745 Maple Rd | Lexington Park, MD 20653 |
| Branch Office | 21748 Three Notch Rd | Lexington Park, MD 20653 |
| Branch Office | 90 Auto Dr | Prince Frederick, MD 20678-3939 |