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

Chessie Federal Credit Union is headquartered in Cumberland and is the 23rd largest credit union in the state of Maryland. It is also the 872nd largest credit union in the nation. It was established in 1948 and as of June of 2018, it had grown to 87 employees and 28,632 members at 7 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

Health Grade Components

Overall
NCUA #5636
Year Chartered1948
Employees87
Primary Regulator
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD5.74%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$263.1MM$261.9MM
LoansQ2 2018vs Q2 2017$185.6MM$184.3MM
DepositsQ2 2018vs Q2 2017$238.2MM$238.8MM
Equity CapitalQ2 2018vs Q2 2017$21.9MM$20.6MM
Loan Loss AllowanceQ2 2018vs Q2 2017$944.00K$1.2MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.8MM$1.6MM
Real Estate OwnedQ2 2018vs Q2 2017$161.00K$188.00K
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
1.26%--IRA Savings
1.26%--Roth IRA Savings
1.26%--Educational IRA Savings
0.25%--Share Savings Account
0.25%--Moola-Moola Savings
0.25%--Christmas Club
0.25%--Vacation Club

Chessie Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%*$200k*-Money Market Draft
OTHER TIERS: 0.50% $2.5k - $10k | 0.60% $10k - $40k | 0.70% $40k - $100k | 0.90% $100k - $200k

Chessie Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$2.5k-Premier Checking
0.50%$2.5k-Young at Heart Plus Checking
0.25%$100-Business Interest Checking

Chessie Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%$500-60 Month Share Certificate
2.53%$500-48 Month Share Certificate
2.53%$500-30 Month "Great Special' CD
2.27%$500-36 Month Share Certificate
2.02%$500-24-35 Month Share Certificate
2.02%$500-15 Month "Great Special' CD
1.51%$500-12-23 Month Share Certificate
1.26%$500-6-11 Month Share Certificate

Chessie Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%$500-60 Month IRA Share Certificate
2.53%$500-48 Month IRA Share Certificate
2.27%$500-36 Month IRA Share Certificate
2.02%$500-24-35 Month IRA Share Certificate
1.51%$500-12-23 Month IRA Share Certificate
1.26%$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

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