Home
Contents
Explore
Search

Ferko Md Credit Union

Overview
Back to Top

Ferko Md Credit Union is a federal credit union based in Frederick, Maryland. It has been opened since 1955, for 65 years.

With around $32,750,000 in assets, Ferko Md Credit Union is considered to be an average size credit union.

About
Address Po Box 1478
Frederick, Maryland 21702
Website http://www.ferkomfcu.com
Phone (301) 662-7266
Fax (301) 662-4525
CEO Jeffrey T. Perrell
President of the Board David Miller
Services Offered
Map
Back to Top
Score Card
Back to Top
65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
3,658 members
Membership type: Educational
Average number of members
914:1
Credit union member to staff ratio
914 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$32,750,271
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 3 in Maryland
Average number of branches
0.20%
Savings interest rate
Compared to 0.3% nationally
12.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
Back to Top
1 branch
Compared with an average of 4 nationally and 3 in Maryland
Average number of branches
Ferko Md Credit Union Branch Locations

Ferko Md Credit Union: 502 W. Patrick Street
502 W. Patrick Street
Frederick, Maryland 21701
No ATM
Members
Back to Top
3,658 members
Membership type: Educational
Average number of members

With 3,658 members, the Ferko Md Credit Union is considered to be a medium size credit union. It is larger than 50% of credit unions.

Fees
Back to Top
$7
Average fee per member
The average fee per member at the Ferko Md Credit Union is $7, which is very low compared to most credit unions. This rate is lower than 85% of all credit unions.
Fees are lower 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 Ferko Md Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
Back to Top
914:1
Credit union member to staff ratio
914 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
4 staff members
FTE (full-time equivalent)
0% of employees are part-time
4 full-time, 0 part-time

Ferko Md Credit Union has 4 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Ferko Md Credit Union has around 914 members per staff, a high ratio compared to other credit unions.

Assets
Back to Top
$32,750,271
Total assets
Average size
Net worth
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.
10.4%
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
Back to Top
$8,293
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 67% of credit unions.

Ferko Md Credit Union holds a total of $11,660,000 in loans and leases, which is about $8,293 per member on average.

Savings interest rate
Back to Top
0.20%
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. Ferko Md Credit Union pays 0.20%.

Loan rates
Back to Top
12.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.50%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.23%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
2.74%
New car loan rate
Compared to 4.0% nationally
4.99%
Used car loan rate
Compared to 5.2% nationally
I B E W 26 Credit Union
Location
Lanham, Maryland
Members
3,197
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
18.00%
Read More
Howard County Education Credit Union
Location
Ellicott City, Maryland
Members
4,084
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Wepco Credit Union
Location
Bloomington, Maryland
Members
31,807
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Delmarva Power Southern Division Credit Union
Location
Salisbury, Maryland
Members
1435
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Choptank Electric Coop Employ Credit Union
Location
Denton, Maryland
Members
309
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Notre Dame 2901 Credit Union
Location
Baltimore, Maryland
Members
202
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More