Question 1

What is Cedar Point Federal Credit Union (Cedar Point FCU)?

Accepted Answer

Cedar Point Federal Credit Union (Cedar Point FCU) is a federally chartered, community-based credit union headquartered in Lexington Park, Maryland, serving nearly 47,000 members with approximately $853 million in assets. Originally established to serve Navy sailors and civil servants at Naval Air Station Patuxent River, the credit union expanded in 2009 to a community charter, now serving all residents of Calvert, Charles, and St. Mary's counties in Southern Maryland. Cedar Point FCU operates as a not-for-profit, member-owned financial cooperative committed to providing competitive financial services and strong community support.

Question 2

When was Cedar Point Federal Credit Union (Cedar Point FCU) founded?

Accepted Answer

Cedar Point Federal Credit Union was founded in 1945, shortly after World War II, to serve Navy sailors and civil servants at the Patuxent Naval Air Test Station (now Naval Air Station Patuxent River) in Patuxent River, Maryland. The credit union celebrated its 80th anniversary in 2025 with a yearlong initiative called "80 Acts of Service for 80 Years."

The credit union takes its name from the Cedar Point community, the historic area where Naval Air Station Patuxent River was established in 1943. The Naval Air Station itself was originally informally called Cedar Point before being officially named for the adjacent Patuxent River.

In 2009, Cedar Point FCU adopted a community charter, significantly expanding its mission beyond serving only military and civil service personnel to include all residents of three Southern Maryland counties.

Question 3

Where is Cedar Point Federal Credit Union (Cedar Point FCU) headquartered?

Accepted Answer

Cedar Point Federal Credit Union is headquartered at 22745 Maple Road in Lexington Park, Maryland. Lexington Park, which was formerly known as Jarboesville, was renamed in honor of the USS Lexington and expanded during World War II to provide housing for workers at the nearby Naval Air Station Patuxent River.

Question 4

Where does Cedar Point Federal Credit Union (Cedar Point FCU) operate?

Accepted Answer

Cedar Point Federal Credit Union operates six branches across Southern Maryland, serving residents of St. Mary's, Calvert, and Charles counties. The credit union maintains a strong presence throughout the region, with branches strategically located to serve both the military community at Naval Air Station Patuxent River and civilian residents across the three-county area.

Since adopting its community charter in 2009, Cedar Point FCU has extended membership eligibility to all individuals who live, work, worship, or attend school in Calvert, Charles, and St. Mary's counties, as well as immediate family members of existing members.

Question 5

What services does Cedar Point Federal Credit Union (Cedar Point FCU) offer?

Accepted Answer

Cedar Point Federal Credit Union offers a comprehensive range of financial products and services. Personal banking services include checking accounts, primary savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. The credit union is known for offering extraordinary dividends to members, recently awarding a second extraordinary dividend totaling nearly $405,000 to primary savings accounts in good standing.

Lending products include mortgage loans with competitive interest rates and low closing costs, home equity loans, new and used auto loans, credit cards with balance transfer options and no transfer fees, and personal loans. Cedar Point consistently offers some of the lowest interest rates in Southern Maryland.

The credit union provides specialized member assistance services, particularly during times of hardship such as government shutdowns, including paycheck relief loans, loan skip-a-pay options, low-rate credit cards, financial counseling services, and penalty-free withdrawals from certificate accounts on a case-by-case basis.

Digital banking services include online banking, mobile banking, and electronic bill pay. Members also have access to shared branching and ATM services through credit union networks.

Question 6

What makes Cedar Point Federal Credit Union (Cedar Point FCU) unique?

Accepted Answer

Cedar Point Federal Credit Union stands out for its exceptional commitment to community service and social responsibility. The credit union received the prestigious Dora Maxwell Social Responsibility Community Service Award from the MD|DC Credit Union Association in 2019, recognizing its dedication to community support.

To celebrate its 80th anniversary in 2025, Cedar Point launched "80 Acts of Service for 80 Years," one of its largest community outreach efforts, completing service projects ranging from educational support and food assistance to environmental initiatives. By November 2025, the credit union had completed 69 acts of service, supporting organizations including the Cinderella Society, St. Mary's Public School Shoe Fund, Ladies of Charity Calvert County, Solomons Mission Center, and local animal shelters.

Cedar Point employees actively volunteer throughout the year at community events including Christmas in April, Solomons Dragon Boat Races, and the St. Mary's River Watershed Association's Riverfest. Staff members mentor students, support local 4-H programs, participate in community cleanups, and serve on nonprofit boards.

The credit union offers ten annual scholarships through Cedar Point and Cedar Point Financial Services, Inc. to graduating seniors residing in Calvert, Charles, and St. Mary's counties. Cedar Point also conducts regular food drives and provides fraud education to protect members from emerging scams.

Question 7

What type of financial institution is Cedar Point Federal Credit Union (Cedar Point FCU)?

Accepted Answer

Cedar Point Federal Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). Member deposits are federally insured up to $250,000, with retirement accounts insured separately up to $250,000.

As a not-for-profit financial cooperative, Cedar Point FCU is owned by its members and operates under the cooperative principle of members serving members. The credit union transitioned from a Select Employee Group (SEG) charter serving military and civil service personnel to a community charter in 2009, expanding eligibility to all residents of Calvert, Charles, and St. Mary's counties.

Membership is open to anyone who lives, works, worships, or attends school in these three Southern Maryland counties, as well as immediate family members of existing members. The credit union maintains its historical connection to Naval Air Station Patuxent River while serving the broader Southern Maryland community.

Cedar Point Federal Credit Union (Cedar Point FCU)

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About Cedar Point Federal Credit Union (Cedar Point FCU) in the United States