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 542nd largest credit union in the nation. It was established in 1945 and as of September of 2022, it had grown to 122 employees and 46,270 members at 6 locations. Cedar Point Federal Credit Union has a B+ health rating.
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
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 I have deposited and withdrawn much money over the years.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.
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.
|Return on Assets - YTD||0.49%|
|Return on Equity - YTD||8.9%|
|Annual Interest Income||$13.6MM|
|Assets and Liabilities|
|Assets||Q3 2022vs Q3 2021||$751.3MM$724.9MM|
|Loans||Q3 2022vs Q3 2021||$399.4MM$311.8MM|
|Deposits||Q3 2022vs Q3 2021||$705.3MM$662.8MM|
|Equity Capital||Q3 2022vs Q3 2021||$41.9MM$59.3MM|
|Loan Loss Allowance||Q3 2022vs Q3 2021||$1.4MM$1.2MM|
|Unbacked Noncurrent Loans||Q3 2022vs Q3 2021||$1.2MM$601.00K|
|Real Estate Owned||Q3 2022vs Q3 2021||$0$0|
Rates for Cedar Point Federal Credit Union are currently being reviewed.
|Cedar Point Federal Credit Union Locations|
|Branch Office||30330 Three Notch Rd||Charlotte Hall, MD 20622|
|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|
|Branch Office||11100 Weymouth Ct||Waldorf, MD 20603|