MONMOUTH FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.monmouthfcu.com for more information.
Dec, 31, 2023 — MONMOUTH FEDERAL CREDIT UNION is a federal credit union headquartered in MONMOUTH, ME with 1 branch location and about $25.51 million in total assets. Opened 71 years ago in 1953, MONMOUTH FEDERAL CREDIT UNION has about 2,239 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: | MONMOUTH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1176 MAIN ST MONMOUTH, ME 04259-7021 |
| Phone: | (207) 933-2667 |
| Fax: | (207) 933-3261 |
| Website: | https://www.monmouthfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,239 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9035 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,511,105 |
| CEO/Manager: | Catherina A Blais |
| Chairperson: | Richard J Howard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,888,326 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,560,869 |
| Unsecured Loans | 716,621 |
| Other Loans | 5,186,736 |
| TOTAL LOANS | 9,464,226 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -151,014 |
| Land And Building | 239,846 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 206,425 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,511,105 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 48,729 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,954,450 |
| Regular shares | 13,280,536 |
| All Other Shares & Deposits | 5,577,319 |
| TOTAL SHARES & DEPOSITS | 23,812,305 |
| TOTAL LIABILITIES | 23,861,034 |
| Regular Reserve | 0 |
| Other Reserves | 211,233 |
| Undivided Earnings | 1,438,838 |
| TOTAL EQUITY | 1,650,071 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,511,105 |
| INCOME & EXPENSE | |
| Loan Income | 130,485 |
| Investment Income | 16,430 |
| Other Income | 33,128 |
| Total Employee Compensation & Benefits | 98,851 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 101,954 |
| Non-operating Income & (Expense) | 41,293 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 9,173 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,358 |
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