Feedback
Share
Link
Link copied!
Asset Brief
Chessie Credit Union
Credit Union Finder
Explore
Search
Asset Brief
More
About Asset Brief
Copyright © 2022 assetbrief.com and Spring Launch Media LLC. All Rights Reserved.

All content on this website ("the Site") is the property of Spring Launch Media LLC. The collection and assembly of content on this Site are the exclusive property of Spring Launch Media LLC and are protected by copyright and other intellectual property laws. Credit union and bank data is publicly sourced from the U.S. government. None are affiliated with Asset Brief. assetbrief.com is an independent, advertising-supported publisher. We work hard to keep our information accurate and up to date, but do not guarantee accuracy of information. You may see different information when you visit a specific product’s site. assetbrief.com does not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information disclosed. assetbrief.com does not assume any responsibility for any aspect of financial decisions taken based on the contents provided on this Site. When considering offers, please review all Terms and Conditions with the offering institution. Our content is not intended to provide investment advice. assetbrief.com is compensated through display advertising and offers from our partners. Many or all of the products features may be from our partners, and advertising may impact on where, how, and the order in which products appear on this Site. AssetBrief does not include all companies or all available products. However, this does not influence our editorial content or our advice, which are based on industry knowledge and many many hours of research. assetbrief.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Chessie Credit Union Share
Link
Link copied!

Table of Contents
Map Loading...
Overview Share
Link
Link copied!
Back to Top

Chessie Credit Union is a federal credit union based in Cumberland, Maryland. It has been opened since 1948, for 74 years.

With around $255,850,000 in assets, Chessie Credit Union is considered to be a very large credit union. It has 7 branches and 9 ATM locations.

About Share
Link
Link copied!
Address Po Box 689
Cumberland, Maryland 21502
Website http://www.chessiefcu.org
Phone (301) 777-1781
Fax (301) 777-1757
CEO Richard A. Daugherty
President of the Board Walter Beall
Services Offered
Score Card Share
Link
Link copied!
Back to Top
74 years
Years in business
Opened in 1948
Well Capitalized
Net worth classification
Source: NCUA
28,249 members
Membership type: Multiple common bond – primary transportation
Above average number of members
325:1
Credit union member to staff ratio
325 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$255,846,052
Total assets
Above average
7 branches
Compared with an average of 4 nationally and 3 in Maryland
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
10.74%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
Link
Link copied!
Back to Top
7 branches
Compared with an average of 4 nationally and 3 in Maryland
Above average number of branches
Chessie Credit Union Branch Locations

Chessie Credit Union: Downtown
141 Baltimore Street
Cumberland, Maryland 21502
ATM Available
Chessie Credit Union: Keyser
1015 Florida Avenue
Keyser, West Virginia 26726
ATM Available
Chessie Credit Union: Commerce Drive
15 Commerce Drive
Cumberland, Maryland 21502
ATM Available
Chessie Credit Union: Grafton
400 North Pike Street
Grafton, West Virginia 26354
No ATM
Chessie Credit Union: Wmhs
12501 Willowbrook Road
Cumberland, Maryland 21502
ATM Available
Chessie Credit Union: Drive Thru
122 W. Union Street
Cumberland, Maryland 21502
ATM Available
Chessie Credit Union: Lavale Office
1308 National Highway
Lavale, Maryland 21502
ATM Available
Members Share
Link
Link copied!
Back to Top
28,249 members
Membership type: Multiple common bond – primary transportation
Above average number of members

With 28,249 members, the Chessie Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 86% of credit unions.

Fees Share
Link
Link copied!
Back to Top
$118
Average fee per member
The average fee per member at the Chessie Credit Union is $118, which is very high compared to most credit unions. This rate is higher than 90% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Chessie Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
Link
Link copied!
Back to Top
325:1
Credit union member to staff ratio
325 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
87 staff members
FTE (full-time equivalent)
4% of employees are part-time
85 full-time, 4 part-time

Chessie Credit Union has 85 full-time staff members and 4 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 96% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Chessie Credit Union has around 325 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets Share
Link
Link copied!
Back to Top
$255,846,052
Total assets
Above average
Net worth Share
Link
Link copied!
Back to Top
Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
9.3%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
Link
Link copied!
Back to Top
$15,828
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 83% of credit unions.

Chessie Credit Union holds a total of $195,650,000 in loans and leases, which is about $15,828 per member on average.

Savings interest rate Share
Link
Link copied!
Back to Top
0.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Chessie Credit Union pays 0.25%.

Loan rates Share
Link
Link copied!
Back to Top
10.74%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.25%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
Link
Link copied!
Back to Top
3.49%
New car loan rate
Compared to 4.0% nationally
3.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
Link
Link copied!
Back to Top
4.38%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.38%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
3.25%
Other real estate loan rates
Compared to 0.9% nationally

Other Credit Unions

See all...
Prince George's Community Credit Union
Credit Union: Well Capitalized Bowie, Maryland 16158.0 $175 million Well Capitalized
Korean Catholic Credit Union
Credit Union: Well Capitalized Olney, Maryland 361.0 $2 million Well Capitalized
Andrews Federal Credit Union
Credit Union: Well Capitalized Suitland, Maryland 128538.0 $2 billion Well Capitalized
I B E W 26 Credit Union
Credit Union: Well Capitalized Lanham, Maryland 3197.0 $28 million Well Capitalized
Howard County Education Credit Union
Credit Union: Well Capitalized Ellicott City, Maryland 4084.0 $21 million Well Capitalized
Har-Co Credit Union
Credit Union: Well Capitalized Bel Air, Maryland 15312.0 $188 million Well Capitalized
Nymeo Credit Union
Credit Union: Well Capitalized Frederick, Maryland 22998.0 $268 million Well Capitalized
Post Office Cu of Md, Inc. Credit Union
Credit Union: Well Capitalized Baltimore, Maryland 2965.0 $31 million Well Capitalized
Capital Area Realtors Credit Union
Credit Union: Well Capitalized Rockville, Maryland 1117.0 $11 million Well Capitalized
Fiafe Credit Union
Credit Union: Well Capitalized Baltimore, Maryland 439.0 $7 million Well Capitalized

Other Credit Unions

See all...
Peninsula Gen Hosp&Med Centr Empls Credit Union
Credit Union: Well Capitalized Salisbury, Maryland 1549.0 $3 million Well Capitalized
Atlantic Financial Credit Union
Credit Union: Well Capitalized Hunt Valley, Maryland 10032.0 $92 million Well Capitalized
Washington County Teachers Credit Union
Credit Union: Well Capitalized Hagerstown, Maryland 4218.0 $67 million Well Capitalized
Baltimore Washington Credit Union
Credit Union: Well Capitalized Glen Burnie, Maryland 1899.0 $10 million Well Capitalized
Maryland Postal Credit Union
Credit Union: Well Capitalized Gaithersburg, Maryland 493.0 $2 million Well Capitalized
Apl Credit Union
Credit Union: Well Capitalized Laurel, Maryland 22534.0 $487 million Well Capitalized
Point Breeze Credit Union
Credit Union: Well Capitalized Hunt Valley, Maryland 57043.0 $766 million Well Capitalized
First Eagle Credit Union
Credit Union: Well Capitalized Owings Mills, Maryland 9238.0 $89 million Well Capitalized
Census Credit Union
Credit Union: Well Capitalized Suitland, Maryland 3211.0 $54 million Well Capitalized
None Suffer Lack Credit Union
Credit Union: Well Capitalized Suitland, Maryland 2835.0 $21 million Well Capitalized

Other Credit Unions

See all...
State Employees Cu of Maryland, Inc Credit Union
Credit Union: Well Capitalized Linthicum, Maryland 261031.0 $4 billion Well Capitalized
M B F T Credit Union
Credit Union: Well Capitalized Thurmont, Maryland 162.0 $509k Well Capitalized
Notre Dame 2901 Credit Union
Credit Union: Well Capitalized Baltimore, Maryland 202.0 $2 million Well Capitalized
Potomac Credit Union
Credit Union: Well Capitalized Cumberland, Maryland 2972.0 $25 million Well Capitalized
Masters, Mates & Pilots (Mm&P) Credit Union
Credit Union: Well Capitalized Linthicum, Maryland 556.0 $2 million Well Capitalized
Lm Credit Union
Credit Union: Well Capitalized Baltimore, Maryland 3567.0 $39 million Well Capitalized
Fedchoice Credit Union
Credit Union: Well Capitalized Lanham, Maryland 24531.0 $373 million Well Capitalized
Baltimore County Employees Credit Union
Credit Union: Well Capitalized Towson, Maryland 29281.0 $379 million Well Capitalized
Bull Dog Credit Union
Credit Union: Well Capitalized Hagerstown, Maryland 21510.0 $156 million Well Capitalized
Kel-Co Credit Union
Credit Union: Well Capitalized Cumberland, Maryland 4435.0 $48 million Well Capitalized

All of Asset Brief

See all...

Similar Credit Unions to Chessie Credit Union

See all...
Chessie Credit Union: Lavale Office
Credit Union Branch: 1308 National Highway
Lavale, Maryland 21502 ATM Available
Chessie Credit Union: Drive Thru ATM
Credit Union ATM: 122 W. Union Street
Cumberland, Maryland 21502
Chessie Credit Union: Downtown ATM
Credit Union ATM: 141 Baltimore Street
Cumberland, Maryland 21502
Chessie Credit Union: Drive Thru
Credit Union Branch: 122 W. Union Street
Cumberland, Maryland 21502 ATM Available
Chessie Credit Union: Downtown
Credit Union Branch: 141 Baltimore Street
Cumberland, Maryland 21502 ATM Available
Chessie Credit Union: Grafton
Credit Union Branch: 400 North Pike Street
Grafton, West Virginia 26354 No ATM
Chessie Credit Union: Wmhs ATM
Credit Union ATM: 12501 Willowbrook Road
Cumberland, Maryland 21502
Chessie Credit Union: Commerce Drive
Credit Union Branch: 15 Commerce Drive
Cumberland, Maryland 21502 ATM Available
Chessie Credit Union: Wmhs
Credit Union Branch: 12501 Willowbrook Road
Cumberland, Maryland 21502 ATM Available
Chessie Credit Union: Keyser
Credit Union Branch: 1015 Florida Avenue
Keyser, West Virginia 26726 ATM Available