Dec, 31, 2023 — LINCOLN MAINE FEDERAL CREDIT UNION is a federal credit union headquartered in LINCOLN, ME with 2 branch locations and about $117.90 million in total assets. Opened 58 years ago in 1966, LINCOLN MAINE FEDERAL CREDIT UNION has about 6,360 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LINCOLN MAINE FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 171 W BROADWAY LINCOLN, ME 04457 |
Phone: | (207) 794-8623 |
Fax: | (207) 794-8187 |
Website: | https://www.lincolnmainefcu.com |
Branches: | 2 branch locations |
Members: | 6,360 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17362 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $117,902,940 |
CEO/Manager: | Ryan Reed |
Chairperson: | CARL GUSTAFSON |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 2,606,627 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 36,162,498 |
Unsecured Loans | 3,748,114 |
Other Loans | 48,559,561 |
TOTAL LOANS | 88,470,173 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -175,832 |
Land And Building | 445,830 |
Other Fixed Assets | 24,092 |
NCUSIF Deposit | 992,983 |
All Other Assets | 0 |
TOTAL ASSETS | 117,902,940 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 943,054 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 17,393,764 |
Regular shares | 36,919,516 |
All Other Shares & Deposits | 49,238,210 |
TOTAL SHARES & DEPOSITS | 103,551,490 |
TOTAL LIABILITIES | 104,494,544 |
Regular Reserve | 0 |
Other Reserves | 3,119 |
Undivided Earnings | 13,405,277 |
TOTAL EQUITY | 13,408,396 |
TOTAL LIABILITIES, SHARES, & EQUITY | 117,902,940 |
INCOME & EXPENSE | |
Loan Income | 4,515,234 |
Investment Income | 785,858 |
Other Income | 816,128 |
Total Employee Compensation & Benefits | 1,865,619 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,487,106 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 88,221 |
Cost of Funds | 1,743,134 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,195,127 |
↑ Back to Top |