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Potomac Credit Union

Overview
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Potomac Credit Union is a federal credit union based in Cumberland, Maryland. It has been opened since 1954, for 66 years.

With around $24,880,000 in assets, Potomac Credit Union is considered to be an average size credit union. It has 1 branches and 1 ATM locations.

About
Address Po Box 1382
Cumberland, Maryland 21501
Website http://potomacfcu.org
Phone (301) 722-5522
Fax (301) 722-3168
CEO Michael A. Wright
President of the Board Charles Koelker Jr
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
2,972 members
Membership type: Unknown
Average number of members
270:1
Credit union member to staff ratio
270 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$24,880,446
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 3 in Maryland
Average number of branches
0.24%
Savings interest rate
Compared to 0.3% nationally
9.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Maryland
Average number of branches
Potomac Credit Union Branch Locations

Potomac Credit Union: Main
215 Paca Street
Cumberland, Maryland 21502
ATM Available
Members
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2,972 members
Membership type: Unknown
Average number of members

With 2,972 members, the Potomac Credit Union is considered to be a medium size credit union. It is larger than 44% of credit unions.

Fees
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$103
Average fee per member
The average fee per member at the Potomac Credit Union is $103, which is very high compared to most credit unions. This rate is higher than 86% 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 Potomac Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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270:1
Credit union member to staff ratio
270 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
11 staff members
FTE (full-time equivalent)
0% of employees are part-time
11 full-time, 0 part-time

Potomac Credit Union has 11 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. Potomac Credit Union has around 270 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$24,880,446
Total assets
Average size
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.
15.1%
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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$9,927
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 48% of credit unions.

Potomac Credit Union holds a total of $19,680,000 in loans and leases, which is about $9,927 per member on average.

Savings interest rate
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0.24%
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. Potomac Credit Union pays 0.24%.

Loan rates
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9.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
7.24%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.30%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.79%
New car loan rate
Compared to 4.0% nationally
5.97%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.91%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
10.00%
Other real estate loan rates
Compared to 0.9% nationally
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