Sep, 30, 2025 — TRUCHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH PORTLAND, ME with 3 branch locations and about $248.94 million in total assets. Opened 71 years ago in 1955, TRUCHOICE FEDERAL CREDIT UNION has about 12,667 members and employs 53 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRUCHOICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 332 Cummings Rd SOUTH PORTLAND, ME 04106 |
| Phone: | (207) 772-0808 |
| Fax: | (207) 772-8683 |
| Website: | https://www.trufcu.com |
| Branches: | 3 branch locations |
| Members: | 12,667 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10100 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $248,939,952 |
| CEO/Manager: | KENNETH B ACKER |
| Chairperson: | Joseph Winschel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,926,718 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 121,057,042 |
| Unsecured Loans | 30,929,977 |
| Other Loans | 54,634,696 |
| TOTAL LOANS | 206,621,715 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,689,130 |
| Land And Building | 3,486,729 |
| Other Fixed Assets | 745,736 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,943,829 |
| All Other Assets | 45,580 |
| TOTAL ASSETS | 248,939,952 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 474,916 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 37,374,895 |
| Regular shares | 68,229,137 |
| All Other Shares & Deposits | 119,178,232 |
| TOTAL SHARES & DEPOSITS | 224,782,264 |
| TOTAL LIABILITIES | 225,257,180 |
| Regular Reserve | 0 |
| Other Reserves | -1,305,850 |
| Undivided Earnings | 24,988,622 |
| TOTAL EQUITY | 23,682,772 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 248,939,952 |
| INCOME & EXPENSE | |
| Loan Income | 9,967,281 |
| Investment Income | 946,173 |
| Other Income | 1,209,071 |
| Total Employee Compensation & Benefits | 4,338,542 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,631,802 |
| Non-operating Income & (Expense) | 223,365 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 604,409 |
| Cost of Funds | 3,217,984 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,006,759 |
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