Jun, 30, 2024 — BANGOR FEDERAL CREDIT UNION is a federal credit union headquartered in BANGOR, ME with 4 branch locations and about $235.55 million in total assets. Opened 69 years ago in 1956, BANGOR FEDERAL CREDIT UNION has about 15,358 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BANGOR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 339 Hogan Rd BANGOR, ME 04401-4205 |
| Phone: | (207) 947-0374 |
| Fax: | (207) 990-0759 |
| Website: | https://www.bangorfederal.com |
| Branches: | 4 branch locations |
| Members: | 15,358 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10939 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $235,549,557 |
| CEO/Manager: | Basil Closson |
| Chairperson: | Robert P Welch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,178,937 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 63,735,573 |
| Unsecured Loans | 6,343,270 |
| Other Loans | 88,176,632 |
| TOTAL LOANS | 158,255,475 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -437,082 |
| Land And Building | 3,423,360 |
| Other Fixed Assets | 1,210,086 |
| NCUSIF Deposit | 1,830,213 |
| All Other Assets | 0 |
| TOTAL ASSETS | 235,549,557 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 527,531 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,551,962 |
| Regular shares | 83,872,818 |
| All Other Shares & Deposits | 95,664,079 |
| TOTAL SHARES & DEPOSITS | 216,088,859 |
| TOTAL LIABILITIES | 216,616,390 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 18,933,167 |
| TOTAL EQUITY | 18,933,167 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 235,549,557 |
| INCOME & EXPENSE | |
| Loan Income | 4,820,483 |
| Investment Income | 303,839 |
| Other Income | 796,011 |
| Total Employee Compensation & Benefits | 2,567,873 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,774,240 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,129 |
| Cost of Funds | 897,568 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 977,840 |
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