Dec, 31, 2022 — GREAT FALLS REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISTON, ME with 3 branch locations and about $62.82 million in total assets. Opened 68 years ago in 1955, GREAT FALLS REGIONAL FEDERAL CREDIT UNION has about 5,453 members and employs 17 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: | 5,453 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $62,818,259 |
| CEO/Manager: | Catherina A Blais |
| Chairperson: | Paul Morin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,859,528 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,607,099 |
| Unsecured Loans | 960,296 |
| Other Loans | 9,555,082 |
| TOTAL LOANS | 17,122,477 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -255,628 |
| Land And Building | 612,980 |
| Other Fixed Assets | 32,537 |
| NCUSIF Deposit | 535,792 |
| All Other Assets | 0 |
| TOTAL ASSETS | 62,818,259 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,081 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,096,602 |
| Regular shares | 32,870,125 |
| All Other Shares & Deposits | 11,415,133 |
| TOTAL SHARES & DEPOSITS | 56,381,860 |
| TOTAL LIABILITIES | 56,393,941 |
| Regular Reserve | 0 |
| Other Reserves | 1,110,786 |
| Undivided Earnings | 5,313,532 |
| TOTAL EQUITY | 6,424,318 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 62,818,259 |
| INCOME & EXPENSE | |
| Loan Income | 663,745 |
| Investment Income | 208,151 |
| Other Income | 140,441 |
| Total Employee Compensation & Benefits | 817,771 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 745,964 |
| Non-operating Income & (Expense) | 381,130 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 54,367 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -224,635 |
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