Mid-Atlantic Federal Credit Union
Overview / Commentary
Mid-Atlantic Federal Credit Union is headquartered in Germantown and is the 20th largest credit union in the state of Maryland. It is also the 815th largest credit union in the nation. It was established in 1968 and as of June of 2024, it had grown to 59 employees and 19,003 members at 4 locations. Mid-Atlantic Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Mid-Atlantic Federal Credit Union is open to those who live, work, worship, or attend school in Montgomery County, Maryland. Immediate family and household members of anyone eligible to join also qualify for membership.
See current membership details
Health
A
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 18716 |
| Year Chartered | 1968 |
| Employees | 59 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.46% |
| Return on Equity - YTD | 24.35% |
| Annual Interest Income | $9.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $425.3MM$409.7MM |
| Loans | Q2 2024vs Q2 2023 | $316MM$322.8MM |
| Deposits | Q2 2024vs Q2 2023 | $376.6MM$370.9MM |
| Equity Capital | Q2 2024vs Q2 2023 | $42.9MM$34.8MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $1.4MM$1.4MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $2.1MM$1MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |