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BANGOR FEDERAL CREDIT UNION

Dec, 31, 2021 — BANGOR FEDERAL CREDIT UNION is a federal credit union headquartered in BANGOR, ME with 4 branch locations and about $217.41 million in total assets. Opened 66 years ago in 1956, BANGOR FEDERAL CREDIT UNION has about 14,777 members and employs 47 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)
339 Hogan Rd
BANGOR, ME 04401-4205
Phone:(207) 947-0374
Fax:(207) 990-0759
Website:http://www.bangorfederal.com
Branches:4 branch locations
Members:14,777
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:$217,408,803
CEO/Manager:Basil Closson
Chairperson:Robert P Welch

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 18,940,040
TOTAL INVESTMENTS 59,932,928
Loans Held for Sale 0
 
 Real Estate Loans 64,008,081
 Unsecured Loans 6,694,259
 Other Loans 60,068,352
 TOTAL LOANS 130,770,692
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -466,961
 Land And Building 3,500,014
 Other Fixed Assets 1,315,269
 NCUSIF Deposit 1,763,879
 All Other Assets 1,652,942
  TOTAL ASSETS 217,408,803
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 476,120
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 34,171,263
 Regular shares 77,603,360
 All Other Shares & Deposits 87,202,734
  TOTAL SHARES & DEPOSITS 198,977,357
  TOTAL LIABILITIES 199,453,477
 Regular Reserve 1,396,326
 Other Reserves 0
 Undivided Earnings 16,559,000
  TOTAL EQUITY 17,955,326
  TOTAL LIABILITIES, SHARES, & EQUITY 217,408,803
INCOME & EXPENSE  
 Loan Income 5,789,058
 Investment Income 522,265
 Other Income 930,512
 Total Employee Compensation & Benefits 3,243,976
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,248,703
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 19,648
 Cost of Funds 1,214,425
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,165,677
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