Dec, 31, 2023 — LEWISTON MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISTON, ME with 1 branch location and about $29.07 million in total assets. Opened 80 years ago in 1944, LEWISTON MUNICIPAL FEDERAL CREDIT UNION has about 1,779 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LEWISTON MUNICIPAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 291 Pine St LEWISTON, ME 04240 |
| Phone: | (207) 783-3991 |
| Fax: | (207) 783-4178 |
| Website: | https://milestonesfcu.com/ |
| Branches: | 1 branch locations |
| Members: | 1,779 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5144 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1944 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,068,579 |
| CEO/Manager: | Amanda Piper |
| Chairperson: | Joseph Grube |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,383,048 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,269,145 |
| Unsecured Loans | 699,980 |
| Other Loans | 6,404,748 |
| TOTAL LOANS | 20,495,114 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -59,061 |
| Land And Building | 553,811 |
| Other Fixed Assets | 40,129 |
| NCUSIF Deposit | 238,831 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,068,579 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 137,827 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,633,572 |
| Regular shares | 12,952,207 |
| All Other Shares & Deposits | 8,925,511 |
| TOTAL SHARES & DEPOSITS | 25,511,290 |
| TOTAL LIABILITIES | 25,649,117 |
| Regular Reserve | 0 |
| Other Reserves | 950,000 |
| Undivided Earnings | 2,469,462 |
| TOTAL EQUITY | 3,419,462 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,068,579 |
| INCOME & EXPENSE | |
| Loan Income | 1,009,410 |
| Investment Income | 288,992 |
| Other Income | 104,120 |
| Total Employee Compensation & Benefits | 558,412 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 476,500 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,920 |
| Cost of Funds | 215,209 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 266,772 |
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