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.
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.
See current membership details
Overall | |
---|---|
NCUA # | 5636 |
Year Chartered | 1948 |
Employees | 92 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.83% |
Return on Equity - YTD | 9.06% |
Annual Interest Income | $13.2MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2022vs Q4 2021 | $436.9MM$435.0MM |
Loans | Q4 2022vs Q4 2021 | $272.1MM$239.6MM |
Deposits | Q4 2022vs Q4 2021 | $394.1MM$396.8MM |
Equity Capital | Q4 2022vs Q4 2021 | $40.5MM$37.3MM |
Loan Loss Allowance | Q4 2022vs Q4 2021 | $1.3MM$1.3MM |
Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $2.6MM$2.3MM |
Real Estate Owned | Q4 2022vs Q4 2021 | $0$92.00K |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.00%* | - | $15k | Free 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 Locations | ||
---|---|---|
Branch Office | 15 Commerce Dr | Cumberland, MD 21502 |
Branch Office | 141 Baltimore St | Cumberland, MD 21502 |
Branch Office | 122 W Union St | Cumberland, MD 21502 |
Branch Office | 1308 National Hwy | LaVale, MD 21502 |
Branch Office | 12501 Willowbrook Rd | Cumberland, MD 21502 |
Branch Office | 1015 Florida Ave | Keyser, WV 26726 |
Branch Office | 400 N Pike St | Grafton, WV 26354 |
Branch Office | 100 Bishop Murphy Dr | Frostburg, MD 21532-1328 |
Branch Office | 321 Greene St | Cumberland, MD 21502-2871 |