Dec, 31, 2023 — THE COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in PRESQUE ISLE, ME with 8 branch locations and about $460.29 million in total assets. Opened 68 years ago in 1956, THE COUNTY FEDERAL CREDIT UNION has about 29,926 members and employs 111 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 110 Carmichael St PRESQUE ISLE, ME 04769 |
| Phone: | (207) 554-4700 |
| Fax: | (207) 554-4004 |
| Website: | https://www.countyfcu.org |
| Branches: | 8 branch locations |
| Members: | 29,926 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10794 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $460,285,029 |
| CEO/Manager: | Ryan Ellsworth |
| Chairperson: | John Burgoyne |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,496,423 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 137,110,705 |
| Unsecured Loans | 6,116,734 |
| Other Loans | 202,866,972 |
| TOTAL LOANS | 346,094,411 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,222,254 |
| Land And Building | 4,950,280 |
| Other Fixed Assets | 696,633 |
| NCUSIF Deposit | 3,846,298 |
| All Other Assets | 101,606 |
| TOTAL ASSETS | 460,285,029 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,259,635 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 66,867,728 |
| Regular shares | 92,805,846 |
| All Other Shares & Deposits | 247,740,097 |
| TOTAL SHARES & DEPOSITS | 407,413,671 |
| TOTAL LIABILITIES | 411,673,306 |
| Regular Reserve | 0 |
| Other Reserves | 6,795,964 |
| Undivided Earnings | 41,815,759 |
| TOTAL EQUITY | 48,611,723 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 460,285,029 |
| INCOME & EXPENSE | |
| Loan Income | 16,944,530 |
| Investment Income | 3,956,188 |
| Other Income | 1,690,884 |
| Total Employee Compensation & Benefits | 6,967,620 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,852,946 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 523,332 |
| Cost of Funds | 6,833,902 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,640,136 |
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