Dec, 31, 2023 — CUMBERLAND COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in FALMOUTH, ME with 7 branch locations and about $426.24 million in total assets. Opened 70 years ago in 1954, CUMBERLAND COUNTY FEDERAL CREDIT UNION has about 22,059 members and employs 62 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CUMBERLAND COUNTY FEDERAL CREDIT UNION |
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Address: (Main Office) | 101 Gray Rd FALMOUTH, ME 04105 |
Phone: | (207) 878-3441 |
Fax: | (207) 878-5327 |
Website: | https://www.myccfcu.com |
Branches: | 7 branch locations |
Members: | 22,059 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9500 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $426,235,385 |
CEO/Manager: | Scott Harriman |
Chairperson: | Jerry Caruso |
ASSETS: | $ Amount |
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Cash & Equivalents | 15,993,093 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 136,556,176 |
Unsecured Loans | 10,821,835 |
Other Loans | 90,539,044 |
TOTAL LOANS | 237,917,055 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,704,920 |
Land And Building | 8,186,683 |
Other Fixed Assets | 460,930 |
NCUSIF Deposit | 3,669,669 |
All Other Assets | 0 |
TOTAL ASSETS | 426,235,385 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,070,387 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 53,670,531 |
Regular shares | 106,210,097 |
All Other Shares & Deposits | 224,013,863 |
TOTAL SHARES & DEPOSITS | 383,894,491 |
TOTAL LIABILITIES | 387,009,838 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 39,225,547 |
TOTAL EQUITY | 39,225,547 |
TOTAL LIABILITIES, SHARES, & EQUITY | 426,235,385 |
INCOME & EXPENSE | |
Loan Income | 11,340,345 |
Investment Income | 3,524,100 |
Other Income | 1,234,656 |
Total Employee Compensation & Benefits | 5,662,331 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,953,815 |
Non-operating Income & (Expense) | 100,248 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 420,000 |
Cost of Funds | 5,751,103 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,178,224 |
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