Dec, 31, 2023 — EASTMILL FEDERAL CREDIT UNION is a federal credit union headquartered in EAST MILLINOCKET, ME with 2 branch locations and about $69.37 million in total assets. Opened 70 years ago in 1954, EASTMILL FEDERAL CREDIT UNION has about 4,119 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EASTMILL FEDERAL CREDIT UNION |
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Address: (Main Office) | 60 Main St EAST MILLINOCKET, ME 04430-1128 |
Phone: | (207) 746-3428 |
Fax: | (207) 746-5881 |
Website: | https://www.eastmillfcu.org |
Branches: | 2 branch locations |
Members: | 4,119 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9518 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $69,374,240 |
CEO/Manager: | Derek J Hebert |
Chairperson: | Robert L Leathers |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,346,222 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,270,710 |
Unsecured Loans | 2,315,428 |
Other Loans | 15,743,680 |
TOTAL LOANS | 25,849,145 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,036 |
Land And Building | 314,792 |
Other Fixed Assets | 50,687 |
NCUSIF Deposit | 550,727 |
All Other Assets | 0 |
TOTAL ASSETS | 69,374,240 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 248,703 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,589,476 |
Regular shares | 31,371,195 |
All Other Shares & Deposits | 15,508,420 |
TOTAL SHARES & DEPOSITS | 55,469,091 |
TOTAL LIABILITIES | 55,717,794 |
Regular Reserve | 0 |
Other Reserves | 2,216,383 |
Undivided Earnings | 11,440,063 |
TOTAL EQUITY | 13,656,446 |
TOTAL LIABILITIES, SHARES, & EQUITY | 69,374,240 |
INCOME & EXPENSE | |
Loan Income | 1,292,310 |
Investment Income | 1,252,658 |
Other Income | 145,917 |
Total Employee Compensation & Benefits | 1,098,729 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 970,908 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,738 |
Cost of Funds | 453,650 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 466,497 |
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