Central Credit Union Of Maryland

Organization Overview

Central Credit Union Of Maryland is located in Baltimore, MD. The organization was established in 1998. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Central Credit Union Of Maryland employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Credit Union Of Maryland is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Central Credit Union Of Maryland generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

STATE CHARTERED CREDIT UNION

Describe the Organization's Program Activity:

Part 3 - Line 4a

CENTRAL CREDIT UNION OF MARYLAND PROVIDES FINANCIAL SERVICES TO ITS 5,264 MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Lisa Jester
President/ceo
$139,786
Helen Schwarz
Secretary
$875
Ruth Ann White
Treasurer
$600
Ron Mcelroy
Vice Chairman
$600
Steve Ports
At Large
$550
Gary Martin
Chairman
$450

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,195,900
Investment income $168,989
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,364,889

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