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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 19th largest credit union in the state of Maryland. It is also the 783rd largest credit union in the nation. It was established in 1948 and as of June of 2023, it had grown to 96 employees and 35,104 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 2023

Learn why bank health matters

Health Grade Components

Overall
NCUA #5636
Year Chartered1948
Employees96
Primary Regulator
Profit Margin
Return on Assets - YTD1.29%
Return on Equity - YTD13.18%
Annual Interest Income$8.2MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$435.4MM$446.4MM
LoansQ2 2023vs Q2 2022$279.8MM$249.7MM
DepositsQ2 2023vs Q2 2022$390.1MM$406.3MM
Equity CapitalQ2 2023vs Q2 2022$43.0MM$38.4MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$1.2MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$2.4MM$1.9MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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
0.75%--Free Kasasa Cash Checking
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
4.07%$500-60 Month Share Certificate
3.82%$500-48 Month Share Certificate
3.66%$500-36 Month Share Certificate
3.56%$500-24-35 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
4.07%$500-60 Month IRA Share Certificate
3.82%$500-48 Month IRA Share Certificate
3.66%$500-36 Month IRA Share Certificate
3.56%$500-24-35 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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