Credit union · NCUA insured
Chessie Federal Credit Union
A $433.2M credit union headquartered in Cumberland, MD, with 33,968 members and 7 branches in 2 states. Best rates: CDs 3.82% and savings 0.95% APY.
Chessie Federal Credit Union Carrot Score
85
Carrot Score
Higher than 70% of U.S. banks and credit unions
#3 of 10 in Cumberland, MD-WV metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Chessie Federal Credit Union
Founded in 1948 in Cumberland, Maryland, Chessie Federal Credit Union is a member-owned cooperative financial institution.
Originally chartered as Cumberland B&O Employees Federal Credit Union, it changed its name to Chessie Employees Federal Credit Union in 1973 and became Chessie Federal Credit Union in 1998.
As of 2025, the credit union serves 34,000 members across eight branches in Cumberland, LaVale, and Frostburg, Maryland, as well as Grafton and Keyser, West Virginia.
- Headquarters
- 15 Commerce Dr, Cumberland, MD 21502
- NCUA charter
- 5636
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live, work, worship, or attend school in, as well as businesses and legal entities located in Allegany County (MD), Garrett County (MD), the western portion of Washington County (MD), Mineral County (WV), or Taylor County (WV) are eligible for membership.
Employers and groups
- Employees and members of listed Select Employer Groups are eligible for membership.
Family and household
- All family members of current members are eligible to join.
Cost to join
- An account can be opened online with a $10 deposit.
Branches
7 branches in 2 states
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Maryland
5 branches
- Commerce DriveMain office15 Commerce Dr, Cumberland, MD 21502Directions
- Greene Street321 Greene St, Cumberland, MD 21502Directions
- Wmhs12501 Willowbrook Rd, Cumberland, MD 21502Directions
- Frostburg100 Bishop Murphy Dr, Frostburg, MD 21532Directions
- LaVale Office1308 National Hwy, La Vale, MD 21502Directions
West Virginia
2 branches
Clarksburg area · 1
- Grafton400 N Pike St, Grafton, WV 26354Directions
Cumberland area · 1
- Keyser1015 Florida Ave, Keyser, WV 26726Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 13.83% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.82% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.27% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $59 | $76 | — |
- CapitalNet worth ratio13.83%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.82%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.27%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$59Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Chessie Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.