2. FERKO Maryland Federal Credit Union

FERKO Maryland Federal Credit Union


Overview / Commentary
www.ferkomfcu.com
301-662-7266
502 W Patrick St
Frederick, MD 21701

FERKO Maryland Federal Credit Union is headquartered in Frederick and is the 46th largest credit union in the state of Maryland. It is also the 2,748th largest credit union in the nation. It was established in 1955 and as of March of 2019, it had grown to 4 employees and 3,826 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.
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Health
B

Data as of Q1 2019

Learn why bank health matters
Additional 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 Chartered1955
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD1.2%
Return on Equity - YTD11.43%
Annual Interest Income$227.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$33.9MM$34.1MM
LoansQ1 2019vs Q1 2018$12.2MM$9.7MM
DepositsQ1 2019vs Q1 2018$30.4MM$30.8MM
Equity CapitalQ1 2019vs Q1 2018$3.5MM$3.3MM
Loan Loss AllowanceQ1 2019vs Q1 2018$164.00K$98.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$63.00K$182.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
Rates
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FERKO Maryland Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Share Savings Account
0.20%$5-Christmas Club
Locations


FERKO Maryland Federal Credit Union Locations
Branch Office502 W Patrick StFrederick, MD 21701

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