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BANGOR FEDERAL CREDIT UNION

Dec, 31, 2020 — BANGOR FEDERAL CREDIT UNION is a federal credit union headquartered in BANGOR, ME with 3 branch locations and about $196.53 million in total assets. Opened 65 years ago in 1956, BANGOR FEDERAL CREDIT UNION has about 14,260 members and employs 44 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:14,260
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:$196,533,582
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 15,249,031
TOTAL INVESTMENTS 50,509,928
Loans Held for Sale 0
 
 Real Estate Loans 68,888,548
 Unsecured Loans 7,458,834
 Other Loans 47,676,265
 TOTAL LOANS 124,023,647
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -564,141
 Land And Building 3,602,221
 Other Fixed Assets 737,663
 NCUSIF Deposit 1,580,180
 All Other Assets 1,395,053
  TOTAL ASSETS 196,533,582
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 325,907
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 29,790,088
 Regular shares 68,520,412
 All Other Shares & Deposits 81,107,526
  TOTAL SHARES & DEPOSITS 179,418,026
  TOTAL LIABILITIES 179,743,933
 Regular Reserve 1,396,326
 Other Reserves 0
 Undivided Earnings 15,393,323
  TOTAL EQUITY 16,789,649
  TOTAL LIABILITIES, SHARES, & EQUITY 196,533,582
INCOME & EXPENSE  
 Loan Income 5,946,236
 Investment Income 787,508
 Other Income 2,143,416
 Total Employee Compensation & Benefits 3,010,462
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,050,654
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 132,111
 Cost of Funds 1,508,833
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,175,100
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