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BANGOR FEDERAL CREDIT UNION

Mar, 31, 2021 — BANGOR FEDERAL CREDIT UNION is a federal credit union headquartered in BANGOR, ME with 3 branch locations and about $209.95 million in total assets. Opened 65 years ago in 1956, BANGOR FEDERAL CREDIT UNION has about 14,305 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.


ABA Routing Number: 211287447
Name:BANGOR FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. BOX 1161
BANGOR, ME 04402-1161
Phone:(207) 947-0374
Fax:(207) 990-0759
Website:http://www.bangorfederal.com
Branches:3 branch locations
Members:14,305
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$209,946,350
CEO/Manager:Basil Closson
Chairperson:Robert P Welch

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 30,261,384
TOTAL INVESTMENTS 49,838,928
Loans Held for Sale 0
 
 Real Estate Loans 66,898,087
 Unsecured Loans 7,041,154
 Other Loans 49,110,668
 TOTAL LOANS 123,049,909
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -572,105
 Land And Building 3,576,669
 Other Fixed Assets 706,217
 NCUSIF Deposit 1,580,180
 All Other Assets 1,505,168
  TOTAL ASSETS 209,946,350
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 489,795
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 34,279,089
 Regular shares 72,129,674
 All Other Shares & Deposits 85,989,022
  TOTAL SHARES & DEPOSITS 192,397,785
  TOTAL LIABILITIES 192,887,580
 Regular Reserve 1,396,326
 Other Reserves 0
 Undivided Earnings 15,662,444
  TOTAL EQUITY 17,058,770
  TOTAL LIABILITIES, SHARES, & EQUITY 209,946,350
INCOME & EXPENSE  
 Loan Income 1,439,923
 Investment Income 161,895
 Other Income 183,651
 Total Employee Compensation & Benefits 736,931
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 787,793
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 14,048
 Cost of Funds 335,560
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 269,121
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