Credit union
Local 355 MD Federal Credit Union
Baltimore, Maryland, Baltimore (city) County, MD
$6M in total assets and 1,404 members, the 3,770th largest of 4,298 US credit unions and 54th of 59 headquartered in Maryland.
- NCUA charter
- 14815
- Charter
- Federal
- Chartered
- 1962
- NCUA insured since
- 1972
- Field of membership
- Associational - other than faith based or fraternal
At a glance
Compared with 17 federally insured credit unions in Maryland with under $100 million in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $6M | 2% | $30M | |
| Loans | $405K | 2% | $15M | |
| Deposits (shares) | $5M | 2% | $27M | |
| Members | 1,404 | 12% | 3,028 | |
| Return on assets | -1.37% | 6% | 0.37% | |
| Net interest income to assets | 0.91% | 6% | 3.55% | |
| Efficiency ratio | 248.1% | 98% | 86.5% | |
| Net worth ratio | 19.43% | 82% | 12.65% | |
| Loans to shares | 9% | 2% | 48% | |
| Cost of deposits | 0.31% | 24% | 0.80% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 2.5% a year over 10 years but fell 0.3% a year over the last 5, without mergers. Membership fell 4.2% a year over 5 years, to 1,404.
Where they operate
0 branches in 0 counties.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 1 | |
| 2017 | 1 | 0 |
| 2018 | 1 | 0 |
| 2023 | 1 | 0 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 7.90% | 0.58% |
| Net worth ratio | 19.43% | 12.65% |
| Loans to shares | 9% | 48% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Maryland
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.