Chessie Federal Credit Union

Overview / Commentary
15 Commerce Dr
Cumberland, MD 21502

Chessie Federal Credit Union is headquartered in Cumberland and is the 22nd largest credit union in the state of Maryland. It is also the 816th largest credit union in the nation. It was established in 1948 and as of March of 2021, it had grown to 91 employees and 31,785 members at 9 locations. Chessie Federal Credit Union's money market rates are 25% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Chessie Federal Credit Union membership is open to those who reside, worship, attend school or work (including businesses or other legal entities) in the following counties: Allegany, Garrett and the western portion of Washington in Maryland and Taylor or Mineral counties in West Virginia. Members of the following SEGs are also eligible (a list of more than 150 employers can be found on the credit union's website): Pepsi-Cola Bottling Company, Keyser Optical Company, Hospice of Frederick County, Home Mutual Life Insurance, Frostburg State University Alumni Association, Formu-3 Weight Loss Centers, or the Credit Bureau of Frederick, Inc.
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Health Grade Components

NCUA #5636
Year Chartered1948
Primary Regulator
Profit Margin
Return on Assets - YTD-0.19%
Return on Equity - YTD-2.54%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$381.1MM$290.7MM
LoansQ1 2021vs Q1 2020$225.1MM$214.1MM
DepositsQ1 2021vs Q1 2020$351.4MM$264.2MM
Equity CapitalQ1 2021vs Q1 2020$27.9MM$24.3MM
Loan Loss AllowanceQ1 2021vs Q1 2020$1.2MM$779.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$2.2MM$1.5MM
Real Estate OwnedQ1 2021vs Q1 2020$96.00K$148.00K
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Always verify rates and promotions with the bank or credit union. We are not Chessie 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.

Chessie Federal Credit Union Savings Account Rates

1.26%--IRA Savings
1.26%--Roth IRA Savings
1.26%--Educational IRA Savings
1.00%*-$25kKasasa Saver
OTHER TIERS: 0.25% $25k+
0.10%--Share Savings Account
0.10%--Moola-Moola Savings
0.10%--Christmas Club
0.10%--Vacation Club

Chessie Federal Credit Union Money Market Rates

0.55%*$200k*-Money Market Draft
OTHER TIERS: 0.10% $2.5k - $10k | 0.15% $10k - $40k | 0.25% $40k - $100k | 0.35% $100k - $200k

Chessie Federal Credit Union Checking Account Rates

1.75%*-$15kFree Kasasa Cash Checking
OTHER TIERS: 0.25% $15k+
0.10%--Premier Checking
0.10%--Young at Heart Plus Checking
0.10%--Business Interest Checking

Chessie Federal Credit Union CD Rates

1.16%$500-60 Month Share Certificate
0.90%$500-48 Month Share Certificate
0.60%$500-36 Month Share Certificate
0.50%$500-24-35 Month Share Certificate
0.40%$500-12-23 Month Share Certificate
0.25%$500-6-11 Month Share Certificate

Chessie Federal Credit Union IRA Rates

1.16%$500-60 Month IRA Share Certificate
0.90%$500-48 Month IRA Share Certificate
0.60%$500-36 Month IRA Share Certificate
0.50%$500-24-35 Month IRA Share Certificate
0.40%$500-12-23 Month IRA Share Certificate
0.25%$500-6-11 Month IRA Share Certificate

Chessie Federal Credit Union Locations
Branch Office15 Commerce DrCumberland, MD 21502
Branch Office141 Baltimore StCumberland, MD 21502
Branch Office122 W Union StCumberland, MD 21502
Branch Office1308 National HwyLaVale, MD 21502
Branch Office12501 Willowbrook RdCumberland, MD 21502
Branch Office1015 Florida AveKeyser, WV 26726
Branch Office400 N Pike StGrafton, WV 26354
Branch Office316 Paca StCumberland, MD 21502-2817
Branch Office100 Bishop Murphy DrFrostburg, MD 21532-1328

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