Sep, 30, 2025 — BANGOR FEDERAL CREDIT UNION is a federal credit union headquartered in BANGOR, ME with 4 branch locations and about $279.34 million in total assets. Opened 70 years ago in 1956, BANGOR FEDERAL CREDIT UNION has about 15,761 members and employs 40 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: | 15,761 |
| 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, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $279,341,616 |
| CEO/Manager: | Basil Closson |
| Chairperson: | Robert P Welch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 33,499,536 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 68,917,080 |
| Unsecured Loans | 8,190,800 |
| Other Loans | 101,067,739 |
| TOTAL LOANS | 178,175,620 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -848,857 |
| Land And Building | 3,118,319 |
| Other Fixed Assets | 2,982,286 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,453,847 |
| All Other Assets | 0 |
| TOTAL ASSETS | 279,341,616 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 358,986 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 38,504,462 |
| Regular shares | 69,484,672 |
| All Other Shares & Deposits | 147,720,264 |
| TOTAL SHARES & DEPOSITS | 255,709,398 |
| TOTAL LIABILITIES | 256,068,384 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 23,273,232 |
| TOTAL EQUITY | 23,273,232 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 279,341,616 |
| INCOME & EXPENSE | |
| Loan Income | 8,011,543 |
| Investment Income | 2,339,912 |
| Other Income | 856,554 |
| Total Employee Compensation & Benefits | 2,753,139 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,275,799 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 564,000 |
| Cost of Funds | 4,228,335 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,632,536 |
| ↑ Back to Top | |