Cedar Point Federal Credit Union
Headquarters
22745 Maple Rd
Lexington Park, MD 20653
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2024 Overview
General Credit Union Information
Cedar Point is an NCUA insured institution located in Lexington Park, MD. It was founded in 1945 and has approximately $772.08 millions in assets.
Who can join?
Persons who live, work (or regularly conduct business), worship, or attend school in, and businesses and other legal entities located in Calvert, Charles, and St. Mary’s Counties, Maryland are eligible for membership.
Spouses of persons who died while within the field of membership of this credit union; employees of this credit union; persons retired as pensioners or annuitants from the above employment; volunteers, members of their immediate families or households; organizations of such persons; and corporate or other legal entities in this charter are all able to apply for membership.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 5234 |
| Date Established | 1945 |
| Assets | $772.08 million |
| Loans | $449.18 million |
| Deposits | $707.91 million |
| Capital | $70.19 million |
Field of Membership Restrictions
Membership is open to those who live, work, regularly conduct business, worship, or attend school in, and businesses and other legal entities located in Calvert, Charles, and St. Mary’s Counties, Maryland and their immediate family.
Deposit Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.08% | $2,500 | $2,999 |
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|
|
Money Market
|
0.10% | $10,000 | $14,999 |
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|
|
Money Market
|
0.12% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.20% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.20% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.03% | $2,500 | $3,499 | Learn More |
Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Cedar Point
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 2059741 |
6.994% | 6.875% | 0.63 | $3,901 | $2,103 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: 1907 |
Learn More | |||||
NMLS ID: 491986 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Cedar Point
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Branches
Below are Cedar Point branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
CEDAR POINT is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Cedar Point Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Cedar Point. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Cedar Point | U.S. Average |
|---|---|
| 7.74% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Cedar Point had $5,297,874 in non-current loans and $250,750 in owned assets. To cover these potential losses it had $70,188,826 in net worth and $1,484,167 in loans loss reserves. That gives it a Texas Ratio of 7.74%.
Net Worth
| Cedar Point | U.S. Average |
|---|---|
| 9.09% | 13.62% |
Cedar Point FCU has a net worth of 9.09% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Cedar Point
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