Destinations Credit Union is headquartered in Baltimore and is the 41st largest credit union in the state of Maryland. It is also the 2,169th largest credit union in the nation. It was established in 1935 and as of December of 2019, it had grown to 22 employees and 7,394 members at 2 locations. Destinations Credit Union's CD rates are 22% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership is open to employees of Maryland General Hospital, Practical Technologies, U.S.F Holland, Friends of the American Red Cross (greater Chesapeake Bay area), and over 100 other area Select Employer Groups. Membership is also open to immediate family of those eligible.
See current membership details
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Easy To Qualify By Donating To Red Cross
Nationwide. Easy to qualify for rewards checking by donating to Red Cross if you don't meet the other qualifications. If family members open an account each, you only have to make one donation and that person can refer the other members. Very nice people. New account. We will see how it goes. I had a little trouble understanding the online application. I messed one up but the were very prompt and helpful to fix it for me. 2/9/2016 Just found out that they will pay 3% interest to me for Feb and March because they haven't provided a debit card to me yet. They are going through a computer transition.
UPDATE 07/07/2016
Love them. They only require that you have 12 transactions of any type on the debit card. Can be all debits if you want. Easy to meet requirements.
9/19/19 Things are going well.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66333 |
| Year Chartered | 1935 |
| Employees | 22 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.44% |
| Return on Equity - YTD | 3.08% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $58.7MM$59.4MM |
| Loans | Q4 2019vs Q4 2018 | $32.9MM$30.6MM |
| Deposits | Q4 2019vs Q4 2018 | $49.7MM$50.7MM |
| Equity Capital | Q4 2019vs Q4 2018 | $8.6MM$8.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $275.00K$271.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $248.00K$249.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |