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Chessie Federal Credit Union


Overview / Commentary
www.chessiefcu.org
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 827th largest credit union in the nation. It was established in 1948 and as of June of 2024, it had grown to 94 employees and 34,330 members at 8 locations. Chessie Federal Credit Union's CD rates are 3X the national average, and it has a B+ 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
B+

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #5636
Year Chartered1948
Employees94
Primary Regulator
Profit Margin
Return on Assets - YTD1.56%
Return on Equity - YTD13.35%
Annual Interest Income$10MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$416.8MM$435.4MM
LoansQ2 2024vs Q2 2023$265.6MM$279.8MM
DepositsQ2 2024vs Q2 2023$364.9MM$390.1MM
Equity CapitalQ2 2024vs Q2 2023$49.1MM$43MM
Loan Loss AllowanceQ2 2024vs Q2 2023$1.6MM$1.4MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$3.8MM$2.4MM
Real Estate OwnedQ2 2024vs Q2 2023$264K$71K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$0-IRA Savings
2.53%$0-Roth IRA Savings
2.53%$0-Educational IRA Savings
0.50%*$0$25kKasasa Saver
OTHER TIERS: 0.25% → $25k+
0.10%$0-Share Savings Account
0.10%$0-Moola-Moola Savings
0.10%$0-Christmas Club
0.10%$0-Vacation Club

Chessie Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.36%*$200k*-Money Market
OTHER TIERS: 0.90% → $2.5k - $10k | 0.95% → $10k - $40k | 1.06% → $40k - $100k | 1.26% → $100k - $200k

Chessie Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$0-Free Kasasa Cash Checking
0.10%$0-Premier Checking
0.10%$0-Young at Heart Plus Checking
0.10%$0-Business Interest Checking

Chessie Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.82%$500-60 Month Share Certificate
3.56%$500-24-35 Month Share Certificate
3.56%$500-48 Month Share Certificate
3.40%$500-36 Month Share Certificate
3.04%$500-12-23 Month Share Certificate
2.78%$500-6-11 Month Share Certificate

Chessie Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.82%$500-60 Month IRA Share Certificate
3.56%$500-24-35 Month IRA Share Certificate
3.56%$500-48 Month IRA Share Certificate
3.40%$500-36 Month IRA Share Certificate
3.04%$500-12-23 Month IRA Share Certificate
2.78%$500-6-11 Month IRA Share Certificate
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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