Dec, 31, 2023 — GREAT FALLS REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISTON, ME with 3 branch locations and about $60.30 million in total assets. Opened 69 years ago in 1955, GREAT FALLS REGIONAL FEDERAL CREDIT UNION has about 5,012 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREAT FALLS REGIONAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 34 Bates St LEWISTON, ME 04240-7606 |
| Phone: | (207) 782-7192 |
| Fax: | (207) 782-5501 |
| Website: | https://www.greatfallsfcu.com |
| Branches: | 3 branch locations |
| Members: | 5,012 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10221 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $60,297,028 |
| CEO/Manager: | Catherina A Blais |
| Chairperson: | Paul Morin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,019,384 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,444,353 |
| Unsecured Loans | 1,162,537 |
| Other Loans | 11,671,034 |
| TOTAL LOANS | 19,277,926 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -232,810 |
| Land And Building | 561,686 |
| Other Fixed Assets | 52,036 |
| NCUSIF Deposit | 538,033 |
| All Other Assets | 0 |
| TOTAL ASSETS | 60,297,028 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 730,049 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,917,820 |
| Regular shares | 29,777,653 |
| All Other Shares & Deposits | 12,012,585 |
| TOTAL SHARES & DEPOSITS | 52,708,059 |
| TOTAL LIABILITIES | 53,438,108 |
| Regular Reserve | 0 |
| Other Reserves | 2,798,066 |
| Undivided Earnings | 4,060,854 |
| TOTAL EQUITY | 6,858,920 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 60,297,028 |
| INCOME & EXPENSE | |
| Loan Income | 1,119,682 |
| Investment Income | 1,162,415 |
| Other Income | 603,677 |
| Total Employee Compensation & Benefits | 974,451 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,302,699 |
| Non-operating Income & (Expense) | 22,442 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 58,000 |
| Cost of Funds | 119,783 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 453,283 |
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