credit union

Local 355 Md

Baltimore, MD · Est. 1962
B
Trust Grade
Strong
Score: 86/100

Local 355 Md is a credit union based in Baltimore, Maryland, established in 1962, with $6 million in total assets serving 1,417 members. By Trust Grade it ranks 45th of 61 credit unions we track in Maryland. Its net worth ratio of 19.8% is stronger than 77% of similarly sized credit unions, versus a Maryland median of 11.9%. It posted a loss over the most recent period (-0.40% return on assets), a point to watch. No consumer complaints against Local 355 Md appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.

Total assets
$5.8M
<$100M institution
Members
1,417
Shares & deposits
—
Net worth ratio
19.8%
Top 23% of <$100M peers · Maryland median 11.9%
Return on assets
-0.4%
Bottom 14% of <$100M peers · Maryland median 0.49%
Rank in Maryland
#45
of 61 credit unions

How Local 355 Md compares to Maryland peers

Net worth ratio
Top 23% of <$100M peers
Local 355
19.8%
Maryland median
11.9%
Higher capital ratio = stronger financial cushion
Return on assets
Bottom 14% of <$100M peers
Local 355
-0.4%
Maryland median
0.5%
Higher ROA = more profitable relative to asset base

How we graded Local 355 Md

The Trust Grade blends financial strength with complaint history. Full methodology →

Financial strength
86/100
Customer experience
n/a
Overall
B · 86
  • Strongly capitalized (19.8% capital ratio)
  • Unprofitable over the period (ROA -0.40%)
  • No CFPB complaints on record

Consumer complaints (CFPB)

No CFPB complaints are on file for Local 355 Md over the analysis window. For a smaller institution this is common and counts in its favor.

Are deposits at Local 355 Md insured?

Yes. Local 355 Md is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.

Local 355 Md: frequently asked questions

Is Local 355 Md a good credit union?

Local 355 Md earns a Bankzia Trust Grade of B (86/100, "Strong"), based on a financial-strength score of 86/100 (it has no CFPB complaints on record). Strongly capitalized (19.8% capital ratio); Unprofitable over the period (ROA -0.40%).

Is Local 355 Md NCUA-insured?

Yes. Local 355 Md is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.

How big is Local 355 Md?

Local 355 Md holds $6 million in total assets, ranking 45th of 61 credit unions we track in Maryland. It serves 1,417 members.

Does Local 355 Md have CFPB complaints?

No CFPB complaints against Local 355 Md appear in our data over the analysis window, which is typical for a credit union of this size.

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Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.

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