Dec, 31, 2022 — THE COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in PRESQUE ISLE, ME with 8 branch locations and about $449.82 million in total assets. Opened 67 years ago in 1956, THE COUNTY FEDERAL CREDIT UNION has about 29,847 members and employs 107 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: | 29,847 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $449,824,014 |
| CEO/Manager: | Ryan Ellsworth |
| Chairperson: | John Burgoyne |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 39,581,553 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 136,233,395 |
| Unsecured Loans | 5,831,785 |
| Other Loans | 168,389,397 |
| TOTAL LOANS | 310,454,577 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -642,012 |
| Land And Building | 4,561,396 |
| Other Fixed Assets | 441,823 |
| NCUSIF Deposit | 3,575,600 |
| All Other Assets | 118,702 |
| TOTAL ASSETS | 449,824,014 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,455,366 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 69,313,257 |
| Regular shares | 111,432,381 |
| All Other Shares & Deposits | 221,113,995 |
| TOTAL SHARES & DEPOSITS | 401,859,633 |
| TOTAL LIABILITIES | 405,314,999 |
| Regular Reserve | 0 |
| Other Reserves | 10,008,564 |
| Undivided Earnings | 34,500,451 |
| TOTAL EQUITY | 44,509,015 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 449,824,014 |
| INCOME & EXPENSE | |
| Loan Income | 9,695,091 |
| Investment Income | 809,455 |
| Other Income | 1,105,927 |
| Total Employee Compensation & Benefits | 4,475,176 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,441,698 |
| Non-operating Income & (Expense) | 6,556 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 303,727 |
| Cost of Funds | 2,033,059 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,396,976 |
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