Dec, 31, 2023 — MAINE FAMILY FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISTON, ME with 2 branch locations and about $241.52 million in total assets. Opened 86 years ago in 1938, MAINE FAMILY FEDERAL CREDIT UNION has about 18,262 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MAINE FAMILY FEDERAL CREDIT UNION |
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Address: (Main Office) | 555 Sabattus St LEWISTON, ME 04240 |
Phone: | (207) 783-2071 |
Fax: | (207) 795-0106 |
Website: | https://www.mainefamilyfcu.com |
Branches: | 2 branch locations |
Members: | 18,262 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2644 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $241,518,284 |
CEO/Manager: | Daniel A Clarke |
Chairperson: | Natalie Williamson |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,036,468 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 51,934,215 |
Unsecured Loans | 9,539,195 |
Other Loans | 47,130,404 |
TOTAL LOANS | 108,603,813 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -355,600 |
Land And Building | 4,907,605 |
Other Fixed Assets | 685,572 |
NCUSIF Deposit | 2,262,933 |
All Other Assets | 0 |
TOTAL ASSETS | 241,518,284 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 384,202 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 39,300,106 |
Regular shares | 96,517,612 |
All Other Shares & Deposits | 83,860,608 |
TOTAL SHARES & DEPOSITS | 219,678,325 |
TOTAL LIABILITIES | 220,074,627 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 21,443,657 |
TOTAL EQUITY | 21,443,657 |
TOTAL LIABILITIES, SHARES, & EQUITY | 241,518,284 |
INCOME & EXPENSE | |
Loan Income | 4,648,521 |
Investment Income | 2,651,733 |
Other Income | 924,608 |
Total Employee Compensation & Benefits | 3,097,493 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,987,626 |
Non-operating Income & (Expense) | -10,618 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 120,500 |
Cost of Funds | 2,195,541 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 892,143 |
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