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Local 355 MD Federal Credit Union Rates & Review April 2026

Content reviewed by
Brian McKay Brian McKay
Brian McKay

Brian McKay

Founder & Data Architect
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Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Editorial Disclosure The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
| ✓Fact Checked | Rates Last Updated: April 23, 2026

You can compare Local 355 MD Federal Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 3.35%, 6-month share certificate rates at 1.10% and 3-month share certificate rates at 3.25%. Savings rates are at 0.10% and money market rates are at 0.00%. Mortgage rates on 30-year fixed loans are around 6.01%. All these rates can be compared to Local 355 MD Federal Credit Union rates. MonitorBankRates evaluates the financial stability of Local 355 MD Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 4.79%. Rates were last updated on 04/23/2026.

Local 355 MD Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Local 355 MD Federal Credit Union? Share your experience about Local 355 MD Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Local 355 MD Federal Credit Union.

Overall Health & Safety Grade ?
A+
Exceptional Health Score: 98/100
MonitorBankRates Rating ?
5.0
Exceptional Out of 5.0 Stars
Texas Ratio ?
4.79%
Excellent Lower than avg
Local 355 MD Federal Credit Union
LOCAL 355 MD FCU
1030 S DUKELAND ST
BALTIMORE, MD 21223 3303
Member NCUA

Current Rate Availability

We do not have Local 355 MD Federal Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating
Our rating for Local 355 MD Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather Local 355 MD Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Local 355 MD Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Local 355 MD Federal Credit Union
Website
Address 1030 S DUKELAND ST, BALTIMORE, MD 21223 3303
Phone 410-566-5700
Fax 410-566-1485
President Lloyd Elgert Jr
CEO Patricia Boulter
Full-Time Employees 1
Part-Time Employees 0
Branch Locations 1
ATM Locations 0
NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (98/100)
Texas Ratio
4.79%
Return on Assets (ROA)
0.6002%
Return on Equity (ROE)
2.9658%
Non-Performing Loans Ratio (NPL)
9.20%
Total Assets
5,602,517
Total Amount of Shares and Deposits
4,468,788
Total Shares and Deposits < 1 Year
4,468,789
Total Insured Shares and Deposits > $250K (item 17 less item K)
4,468,788
Total Interest Expense (Sum of items 6 8)
9,983
Number of Accounts for Regular Shares
1,718
Net Income (unless the amount is already included in Undivided Earnings)
35,623
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
993,968
Total Liabilities
4,468,788
Source: NCUA — Last Updated 09/30/2025

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Frequently Asked Questions About Local 355 MD Federal Credit Union

Is Local 355 MD Federal Credit Union a safe place to deposit money?

Yes, Local 355 MD Federal Credit Union is considered a safe financial institution. With a Texas Ratio of 4.7866800918114%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does Local 355 MD Federal Credit Union operate?

Local 355 MD Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Local 355 MD Federal Credit Union?

Yes, to access services at Local 355 MD Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Local 355 MD Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Local 355 MD Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Local 355 MD Federal Credit Union offer online and mobile banking?

Most modern institutions like Local 355 MD Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online.

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