LOCAL 355 MD Credit Union Profile

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LOCAL 355 MD

Charter #14815 | NCUA Region 1 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (410) 566-5700

Fax: (410) 566-1485

Founding Date: N/A

Personnel & Operations

President: Elgert Jr, Lloyd

Manager: Boulter, Patricia

FT Employees: 1

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 03

Branches: 1

Hours: MONDAY THRU FRIDAY 9AM TO 3 PM

Credit Union Profile Summary

LOCAL 355 MD is a FCU Credit Union. With a total of 1,466 members [1], this institution manages approximately $5,550,628 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 19.46% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -22.58% [1].

Financial Snapshot

Total Assets [1]
$5,550,628

Total economic resources.

Total Loans [1]
$653,959

Total value of outstanding loans.

Total Deposits [1]
$4,470,704

Total funds deposited by members.

Members [1]
1,466

Number of active members.

Performance Ratios

Net Worth Ratio [1]
19.46%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
-0.65%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
14.63%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -4.51%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -22.58%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -9.23%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

1030 S DUKELAND ST

BALTIMORE, MD, 21223-3303
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 4 branches reported by LOCAL 355 MD (Charter #14815).

Main Office

LOCAL 355 MD FCU Main Office

Type: Corporate Office

1030 S DUKELAND ST

Baltimore, MD 21223-3303

Phone: (410) 566-5700

Services: Member Services

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Additional Branches

Baltimore

LOCAL 355 MD FCU

Type: Corporate Office

1030 S DUKELAND ST

Baltimore, MD 21223-3303

Phone: (410) 566-5700

Services: None specified

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Fairfax

FEDCOMP INC.

Type: Corporate Office

10300 EATON PL STE 260

Fairfax, VA 22030-2255

Phone: (800) 283-3326

Services: None specified

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FEDCOMP INC.

Type: Corporate Office

10300 EATON PL STE 260

Fairfax, VA 22030-2255

Phone: (800) 283-3326

Services: None specified

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