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First Financial of Maryland Credit Union

Overview
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First Financial of Maryland Credit Union is a federal credit union based in Lutherville, Maryland. It has been opened since 1953, for 67 years.

With around $1,006,250,000 in assets, First Financial of Maryland Credit Union is considered to be a very large credit union. It has 9 branches and 8 ATM locations.

About
Address 1215 York Road
Lutherville, Maryland 21093
Website http://www.firstfinancial.org
Phone (410) 321-6060
Fax (410) 321-6352
CEO Eric P. Church
President of the Board Robert Brenneman
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
64,894 members
Membership type: Multiple common bond – primary educational
Above average number of members
419:1
Credit union member to staff ratio
419 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$1,006,247,289
Total assets
Above average
9 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
8.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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9 branches
Compared with an average of 4 nationally and 3 in Maryland
Above average number of branches
First Financial of Maryland Credit Union Branch Locations

First Financial of Maryland Credit Union: Golden Ring
8665 Pulaski Highway Suite 118
8665 Shopping Center
Baltimore, Maryland 21237
ATM Available
First Financial of Maryland Credit Union: Sinai Hospital
2401 W. Belvedere Avenue
Sinai Hospital
Baltimore, Maryland 21215
ATM Available
First Financial of Maryland Credit Union: Heaver Plaza
1301 York Road
Lutherville, Maryland 21093
ATM Available
First Financial of Maryland Credit Union: Fullerton
7966 Belair Road
Putty Hill Plaza
Baltimore, Maryland 21236
ATM Available
First Financial of Maryland Credit Union: Owings Mills
9906 Reisterstown Road
Street Thomas Shopping Center
Owings Mills, Maryland 21117
ATM Available
First Financial of Maryland Credit Union: Catonsville
Westpark Shopping Center
6400 Baltimore National Pike
Catonsville, Maryland 21228
ATM Available
First Financial of Maryland Credit Union: Westminster
625 Baltimore Boulevard Suite H.
Crossroads Square
Westminster, Maryland 21157
ATM Available
First Financial of Maryland Credit Union: Eldersburg
1213 Liberty Road Suite H.
Princess Shopping Center
Eldersburg, Maryland 21784
ATM Available
Members
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64,894 members
Membership type: Multiple common bond – primary educational
Above average number of members

With 64,894 members, the First Financial of Maryland Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 93% of credit unions.

Fees
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$9
Average fee per member
The average fee per member at the First Financial of Maryland Credit Union is $9, which is very low compared to most credit unions. This rate is lower than 83% 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 First Financial of Maryland Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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419:1
Credit union member to staff ratio
419 per each FTE employee
Compared to 411:1 nationally
Fewer staff
155 staff members
FTE (full-time equivalent)
3% of employees are part-time
153 full-time, 4 part-time

First Financial of Maryland Credit Union has 153 full-time staff members and 4 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 97% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. First Financial of Maryland Credit Union has around 419 members per staff, a higher ratio compared to other credit unions.

Assets
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$1,006,247,289
Total assets
Above average
Net worth
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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.
20.8%
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
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$10,803
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 56% of credit unions.

First Financial of Maryland Credit Union holds a total of $465,720,000 in loans and leases, which is about $10,803 per member on average.

Savings interest rate
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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. First Financial of Maryland Credit Union pays 0.25%.

Loan rates
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8.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
8.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.25%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.50%
New car loan rate
Compared to 4.0% nationally
3.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.63%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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