Dec, 31, 2023 — CENTRAL MAINE FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISTON, ME with 1 branch location and about $125.20 million in total assets. Opened 74 years ago in 1950, CENTRAL MAINE FEDERAL CREDIT UNION has about 5,284 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CENTRAL MAINE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1000 Lisbon St LEWISTON, ME 04240-5721 |
Phone: | (207) 783-1475 |
Fax: | (207) 777-1914 |
Website: | https://www.centralmainecu.com |
Branches: | 1 branch locations |
Members: | 5,284 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6936 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $125,198,458 |
CEO/Manager: | Kerry L Hayes |
Chairperson: | Christopher Crowley |
ASSETS: | $ Amount |
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Cash & Equivalents | 42,832,392 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 23,622,484 |
Unsecured Loans | 1,096,935 |
Other Loans | 7,485,220 |
TOTAL LOANS | 35,192,087 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,886 |
Land And Building | 1,255,476 |
Other Fixed Assets | 86,099 |
NCUSIF Deposit | 1,131,146 |
All Other Assets | 0 |
TOTAL ASSETS | 125,198,458 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 270,776 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,831,145 |
Regular shares | 46,332,318 |
All Other Shares & Deposits | 42,115,262 |
TOTAL SHARES & DEPOSITS | 107,278,725 |
TOTAL LIABILITIES | 107,549,501 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 17,648,957 |
TOTAL EQUITY | 17,648,957 |
TOTAL LIABILITIES, SHARES, & EQUITY | 125,198,458 |
INCOME & EXPENSE | |
Loan Income | 1,403,134 |
Investment Income | 3,601,440 |
Other Income | 242,407 |
Total Employee Compensation & Benefits | 1,015,896 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,505,686 |
Non-operating Income & (Expense) | 380,680 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 746,444 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,791,889 |
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