Chessie Federal Credit Union


Overview / Commentary
301-777-1781
15 Commerce Dr
Cumberland, MD 21502

Chessie Federal Credit Union is headquartered in Cumberland and is the 21st largest credit union in the state of Maryland. It is also the 842nd largest credit union in the nation. It was established in 1948 and as of December of 2024, it had grown to 95 employees and 33,295 members at 8 locations. Chessie Federal Credit Union has an A health rating.

Field of Membership Restrictions

Chessie Federal Credit Union membership is open to those who live, work, worship, or attend school, or businesses and other legal entities located in the Maryland counties of Allegany, Garrett, Washington (western portion), or the West Virginia counties of Mineral or Taylor. Employees of more than 200 SEGs (including CSX Transportation, Frostburg State University Alumni Association, and several county government agencies) are also eligible for membership.
See current membership details

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Health

Health Grade Components

Overall
NCUA #5636
Year Chartered1948
Employees95
Primary Regulator
Profit Margin
Return on Assets - YTD1.3%
Return on Equity - YTD10.31%
Annual Interest Income$20.3MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$406.3MM$411.9MM
LoansQ4 2024vs Q4 2023$254.5MM$277.9MM
DepositsQ4 2024vs Q4 2023$354.4MM$363.6MM
Equity CapitalQ4 2024vs Q4 2023$51.1MM$45.6MM
Loan Loss AllowanceQ4 2024vs Q4 2023$1.8MM$1.5MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$2.4MM$5.5MM
Real Estate OwnedQ4 2024vs Q4 2023$6K$269K
Rates

Rates for Chessie Federal Credit Union are currently being reviewed.

Locations


Chessie Federal Credit Union Locations
Branch Office15 Commerce DrCumberland, 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 Office100 Bishop Murphy DrFrostburg, MD 21532-1328
Branch Office321 Greene StCumberland, MD 21502-2871

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