Dec, 31, 2023 — OXFORD FEDERAL CREDIT UNION is a federal credit union headquartered in MEXICO, ME with 2 branch locations and about $309.82 million in total assets. Opened 86 years ago in 1938, OXFORD FEDERAL CREDIT UNION has about 19,237 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | OXFORD FEDERAL CREDIT UNION |
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Address: (Main Office) | 225 RIVER RD MEXICO, ME 04257 |
Phone: | (207) 369-9976 |
Fax: | (207) 364-8962 |
Website: | https://www.ofcu.org |
Branches: | 2 branch locations |
Members: | 19,237 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2645 |
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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: | $309,823,972 |
CEO/Manager: | Joann Bisson |
Chairperson: | David Leclerc |
ASSETS: | $ Amount |
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Cash & Equivalents | 19,438,861 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 106,147,486 |
Unsecured Loans | 16,847,854 |
Other Loans | 89,826,968 |
TOTAL LOANS | 212,831,481 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,446,176 |
Land And Building | 1,988,886 |
Other Fixed Assets | 345,832 |
NCUSIF Deposit | 2,494,140 |
All Other Assets | 87,140 |
TOTAL ASSETS | 309,823,972 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,319,219 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 35,282,549 |
Regular shares | 85,619,235 |
All Other Shares & Deposits | 140,599,984 |
TOTAL SHARES & DEPOSITS | 261,501,768 |
TOTAL LIABILITIES | 263,820,987 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 46,002,985 |
TOTAL EQUITY | 46,002,985 |
TOTAL LIABILITIES, SHARES, & EQUITY | 309,823,972 |
INCOME & EXPENSE | |
Loan Income | 10,781,769 |
Investment Income | 3,443,131 |
Other Income | 1,290,536 |
Total Employee Compensation & Benefits | 4,171,164 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,178,617 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,056,246 |
Cost of Funds | 3,955,326 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,060,458 |
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