Cedar Point Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.91% | 5-year CD | 60 Month CD 2.35% - Synchrony Bank 60 Month CD |
| 0.75% | 1-year CD | 12 Month Easy Builder CD 1.40% - Synchrony Bank 12 Month CD |
| 0.10% | Savings | ALF Share |
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 569th largest credit union in the nation. It was established in 1945 and as of March of 2017, it had grown to 96 employees and 42,778 members at 6 locations. Cedar Point Federal Credit Union's CD rates are 40% higher than the national average, and it 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 Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5234 |
| Year Chartered | 1945 |
| Employees | 96 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 4.96% |
| Annual Interest Income | $2.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $462.5MM$442.5MM |
| Loans | Q1 2017vs Q1 2016 | $195.6MM$182.8MM |
| Deposits | Q1 2017vs Q1 2016 | $416.8MM$399.1MM |
| Equity Capital | Q1 2017vs Q1 2016 | $44.0MM$42.1MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $1.2MM$1.4MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $1.5MM$1.0MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $153.00K$90.00K |
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 | - | Shares | |
| 0.10% | - | - | Youth Account | |
| 0.10% | $100 | - | Christmas Club | |
| 0.10% | $100 | - | Sub-Shares | |
| 0.10% | $100 | - | IRA Share | |
| 0.10% | $100 | - | ALF Share |
Cedar Point Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.40%* | $25k* | - | Money Market Account | ||
| OTHER TIERS: 0.32% → $2,500 - $10k | 0.35% → $10k - $25k | |||||
Cedar Point Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $500 | - | Share Draft |
Cedar Point Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.91% | $1k | - | 60 Month CD | |
| 1.76% | $1k | - | 48 Month CD | |
| 1.61% | $1k | - | 36 Month CD | |
| 1.41% | $1k | - | 24 Month CD | |
| 1.31% | $1k | - | 13 Month CD Special | |
| 1.26% | $1k | - | 12 Month CD | |
| 0.75% | $250 | - | 12 Month Easy Builder CD | |
| 0.75% | $50 | - | 12 Month Easy Builder Youth CD | |
| 0.70% | $1k | - | 9 Month CD | |
| 0.70% | $250 | - | 9 Month Easy Builder CD | |
| 0.70% | $50 | - | 9 Month Easy Builder Youth CD | |
| 0.65% | $1k | - | 6 Month CD | |
| 0.65% | $250 | - | 6 Month Easy Builder CD | |
| 0.65% | $50 | - | 6 Month Easy Builder Youth CD | |
| 0.52% | $1k | - | 3 Month CD | |
| 0.52% | $250 | - | 3 Month Easy Builder CD | |
| 0.52% | $50 | - | 3 Month Easy Builder Youth CD |
Cedar Point Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.91% | $500 | - | 60 Month IRA | |
| 1.76% | $500 | - | 48 Month IRA | |
| 1.76% | $500 | - | 48 Month CESA | |
| 1.69% | $500 | - | 60 Month CESA | |
| 1.61% | $500 | - | 36 Month IRA | |
| 1.61% | $500 | - | 36 Month CESA | |
| 1.41% | $500 | - | 24 Month IRA | |
| 1.41% | $500 | - | 24 Month CESA | |
| 1.31% | $500 | - | 13 Month IRA Special | |
| 1.26% | $500 | - | 12 Month IRA | |
| 1.26% | $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 |