Educational Systems Federal Credit Union
Overview / Commentary
Educational Systems Federal Credit Union is headquartered in Greenbelt and is the 9th largest credit union in the state of Maryland. It is also the 379th largest credit union in the nation. It was established in 1955 and as of December of 2024, it had grown to 213 employees and 88,375 members at 15 locations. Educational Systems Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Educational Systems Federal Credit Union is open to those who work or volunteer for, or are a student, retiree, or alumni of a public or private school or school system, a public or private college or university, or an education-related organization by joining the Support Education Foundation.
Employees, students (and parents) of the public school systems in the Maryland counties of Anne Arundel, Calvert, Caroline, Charles, Frederick, Montgomery, Prince George’s, St. Mary’s or Talbot qualify for membership. Employees, students (and parents) of the College of Southern Maryland, Frederick Community College, Howard Community County, Montgomery College, Montgomery College Alumni Association, Prince George’s Community College and Prince George’s Community College alumni are also eligible to join. Membership is also open to those who live or work in St. Mary's County, Maryland.See current membership details
Health
B+
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 10696 |
| Year Chartered | 1955 |
| Employees | 213 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.92% |
| Return on Equity - YTD | 10.44% |
| Annual Interest Income | $57.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $1.23B$1.28B |
| Loans | Q4 2024vs Q4 2023 | $896.9MM$827.8MM |
| Deposits | Q4 2024vs Q4 2023 | $1.08B$1.08B |
| Equity Capital | Q4 2024vs Q4 2023 | $110.3MM$95.1MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $9.3MM$8.4MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $4.4MM$3.4MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |
