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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 782nd largest credit union in the nation. It was established in 1948 and as of December of 2022, it had grown to 92 employees and 34,574 members at 9 locations. Chessie Federal Credit Union's money market 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 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
B+

Data as of Q4 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #5636
Year Chartered1948
Employees92
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD9.06%
Annual Interest Income$13.2MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$436.9MM$435.0MM
LoansQ4 2022vs Q4 2021$272.1MM$239.6MM
DepositsQ4 2022vs Q4 2021$394.1MM$396.8MM
Equity CapitalQ4 2022vs Q4 2021$40.5MM$37.3MM
Loan Loss AllowanceQ4 2022vs Q4 2021$1.3MM$1.3MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$2.6MM$2.3MM
Real Estate OwnedQ4 2022vs Q4 2021$0$92.00K
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%--IRA Savings
2.53%--Roth IRA Savings
2.53%--Educational IRA Savings
0.50%*-$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.36%*$200k*-Money Market Draft
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
1.00%*-$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.82%$500-60 Month Share Certificate
3.56%$500-48 Month Share Certificate
3.04%$500-30 Month Share Certificate Special
2.89%$500-36 Month Share Certificate
2.76%$500-24-35 Month Share Certificate
2.02%$500-15 Month Share Certificate Special
1.76%$500-12-23 Month Share Certificate
1.61%$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%$500-48 Month IRA Share Certificate
2.89%$500-36 Month IRA Share Certificate
2.76%$500-24-35 Month IRA Share Certificate
1.76%$500-12-23 Month IRA Share Certificate
1.61%$500-6-11 Month IRA Share Certificate
Locations


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 Office100 Bishop Murphy DrFrostburg, MD 21532-1328
Branch Office321 Greene StCumberland, MD 21502-2871

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