Dec, 31, 2023 — DIRIGO FEDERAL CREDIT UNION is a federal credit union headquartered in Lewiston, ME with 5 branch locations and about $408.97 million in total assets. Opened 68 years ago in 1956, DIRIGO FEDERAL CREDIT UNION has about 26,382 members and employs 71 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DIRIGO FEDERAL CREDIT UNION |
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Address: (Main Office) | PO Box 741 Lewiston, ME 04243-0741 |
Phone: | (207) 784-5435 |
Fax: | (207) 786-0495 |
Website: | https://www.dirigofcu.com |
Branches: | 5 branch locations |
Members: | 26,382 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11144 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $408,966,488 |
CEO/Manager: | Mark Samson |
Chairperson: | Steve Mennealy |
ASSETS: | $ Amount |
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Cash & Equivalents | 29,512,134 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 162,714,262 |
Unsecured Loans | 10,084,070 |
Other Loans | 155,838,002 |
TOTAL LOANS | 328,636,333 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,024,708 |
Land And Building | 9,651,615 |
Other Fixed Assets | 1,621,499 |
NCUSIF Deposit | 3,438,965 |
All Other Assets | 14,731 |
TOTAL ASSETS | 408,966,488 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,022,383 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 58,311,262 |
Regular shares | 114,800,996 |
All Other Shares & Deposits | 189,291,861 |
TOTAL SHARES & DEPOSITS | 362,404,119 |
TOTAL LIABILITIES | 367,426,502 |
Regular Reserve | 0 |
Other Reserves | -3,019,291 |
Undivided Earnings | 44,559,277 |
TOTAL EQUITY | 41,539,986 |
TOTAL LIABILITIES, SHARES, & EQUITY | 408,966,488 |
INCOME & EXPENSE | |
Loan Income | 15,355,896 |
Investment Income | 1,921,421 |
Other Income | 2,148,273 |
Total Employee Compensation & Benefits | 6,055,179 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,267,560 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 550,023 |
Cost of Funds | 5,732,301 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,240,077 |
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