Cedar Point Federal Credit Union

Overview / Commentary
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 529th largest credit union in the nation. It was established in 1945 and as of June of 2022, it had grown to 121 employees and 43,784 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

Reviews (2)

My only savings account

Being a credit union they are very responsible with my deposits. I have deposited and withdrawn much money over the years. This is my 15th year with this bank, my savings account was originally set up when I was young. Staff are very helpful and willing to respond to and correct any errors that may occur regarding your savings account.

Review of Cedar Point Federal Credit Union

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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.


Health Grade Components

NCUA #5234
Year Chartered1945
Primary Regulator
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD5.6%
Annual Interest Income$8.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$761.9MM$716.4MM
LoansQ2 2022vs Q2 2021$373.8MM$292.9MM
DepositsQ2 2022vs Q2 2021$712.2MM$654.1MM
Equity CapitalQ2 2022vs Q2 2021$46.4MM$59.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.4MM$1.2MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.2MM$582.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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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

0.05%$100-Prime Share
0.05%$5-Youth Account
0.05%$100-Christmas Club
0.05%$100-Sub Share
0.05%$100-IRA Share
0.05%$100-ALF Share

Cedar Point Federal Credit Union Money Market Rates

0.12%*$25k*-Money Market Account
OTHER TIERS: 0.08% $2.5k - $10k | 0.10% $10k - $25k

Cedar Point Federal Credit Union Checking Account Rates

0.03%$500-Share Draft

Cedar Point Federal Credit Union CD Rates

1.86%$1k-60 Month CD
1.61%$1k-48 Month CD
1.41%$1k-36 Month CD
1.00%$1k-24 Month CD
0.80%$1k-13 Month CD Special
0.75%$1k-12 Month CD
0.75%$250-12 Month Easy Builder CD
0.75%$50-12 Month Easy Builder Youth CD
0.35%$1k-9 Month CD
0.35%$250-9 Month Easy Builder CD
0.35%$50-9 Month Easy Builder Youth CD
0.30%$1k-6 Month CD
0.30%$250-6 Month Easy Builder CD
0.30%$50-6 Month Easy Builder Youth CD
0.20%$1k-3 Month CD
0.20%$250-3 Month Easy Builder CD
0.20%$50-3 Month Easy Builder Youth CD

Cedar Point Federal Credit Union IRA Rates

1.86%$500-60 Month IRA
1.86%$500-60 Month CESA
1.61%$500-48 Month IRA
1.61%$500-48 Month CESA
1.41%$500-36 Month IRA
1.41%$500-36 Month CESA
1.00%$500-24 Month IRA
1.00%$500-24 Month CESA
0.80%$500-13 Month IRA Special
0.75%$500-12 Month IRA
0.75%$500-12 Month CESA

Cedar Point Federal Credit Union Locations
Branch Office30330 Three Notch RdCharlotte Hall, MD 20622
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
Branch Office11100 Weymouth CtWaldorf, MD 20603

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