Overview / Commentary
FERKO Maryland Federal Credit Union is headquartered in Frederick and is the 45th largest credit union in the state of Maryland. It is also the 2,775th largest credit union in the nation. It was established in 1955 and as of December of 2018, it had grown to 4 employees and 3,658 members at 1 location. FERKO Maryland Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to employees of Frederick County Public School or Frederick Community College.
See current membership details
Health
B
Data as of Q4 2018
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. FERKO Maryland Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 10381 |
| Year Chartered | 1955 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.5% |
| Return on Equity - YTD | 4.71% |
| Annual Interest Income | $812.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $32.8MM$32.6MM |
| Loans | Q4 2018vs Q4 2017 | $11.7MM$10.1MM |
| Deposits | Q4 2018vs Q4 2017 | $29.3MM$29.3MM |
| Equity Capital | Q4 2018vs Q4 2017 | $3.4MM$3.2MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $155.00K$125.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $155.00K$204.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Rates
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FERKO Maryland Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | - | - | Share Savings Account | |
| 0.20% | $5 | - | Christmas Club |
Locations
| FERKO Maryland Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 502 W Patrick St | Frederick, MD 21701 |