Chessie Federal Credit Union

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A short history of Chessie FCU

Since its inception in 1948 the Chessie Federal Credit Union has been serving its members in the Cumberland, Maryland area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Richard Daugherty, the Chessie FCU has grown its membership to over 29,208 with assets of more than $261,882,564. They have a main office and 7 branch offices. Please see the credit unions website or contact them by phone at (301) 777-1781 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Cumberland, MD.

General Information For Chessie FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 5636
Address PO Box 689 
City Cumberland 
State Maryland 
Zip-Code 21502
Phone Number (301) 777-1781
Fax Number (301) 777-1757
Email Address:
CEO/President Richard Daugherty
Members 29,208 
Full-Time Employees 88 
Part-Time Employees
Number of Branch Offices
Total Assets 261,882,564 

Compare Chessie Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Healthcare 1st CU HEALTHCARE 1 FCU 1050 W Industrial Blvd Ste 16 21502 (301) 723-4098 No 0.88
Potomac CU Main 215 Paca St 21501 (301) 722-5522 No 1.38
Al Gar CU Al-Gar FCU Main Office 316 Paca St 21502 (301) 722-5446 No 1.39
Kel-co CU Kelco Federal Credit Union 321 Greene St 21502 (301) 777-8100 No 1.48
First Peoples Community CU Grantsville 12497 NATIONAL PIKE 21501 (301) 784-3000 No 1.58

Chessie Federal Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Chessie Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.49 2.99 3.49 3.50 3.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 200 145 146 72 38
Rank Among All Maryland Credit Unions 10 20 25 6 5

Chessie Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.25 0.60 1.10 1.25
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 95 48 152 125
Rank Among All Maryland Credit Unions N/A 13 3 17 9
Chessie Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.4903,3068,335,992
All Other Unsecured Loans/Lines of Credit 10.2402,6318,355,242
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.99099719,925,928
Used Vehicle Loans 3.4903,77241,505,832
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.50085882,797,386
Total Other Real Estate Loans/Lines of Credit 3.25062018,142,256
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.5003195,201,164
TOTAL LOANS & LEASES 12,503184,263,800

Chessie Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 27316,221,577272,150
    b. 15 Years or less 381,597,0972245,000
    a. > 15 years 162,237,34600
    b. 15 Years or less 371,842,8609894,150
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 49460,898,506345,005,300


Closed-End Fixed Rate 38210,734,580502,160,700
Closed-End Adjustable Rate 121,640,0733287,500
Open-End Adjustable Rate 2265,767,6039310,250
Open-End Fixed Rate 0000
TOTALS 1,478100,939,6421098,975,050


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Chessie Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes