Dec, 31, 2022 — DIRIGO FEDERAL CREDIT UNION is a federal credit union headquartered in Lewiston, ME with 4 branch locations and about $385.21 million in total assets. Opened 67 years ago in 1956, DIRIGO FEDERAL CREDIT UNION has about 24,919 members and employs 68 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DIRIGO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 741 Lewiston, ME 04243-0741 |
| Phone: | (207) 784-5435 |
| Fax: | (207) 786-0495 |
| Website: | https://www.dirigofcu.com |
| Branches: | 4 branch locations |
| Members: | 24,919 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11144 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $385,205,770 |
| CEO/Manager: | Mark Samson |
| Chairperson: | Steve Mennealy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 36,467,183 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 163,399,192 |
| Unsecured Loans | 9,765,589 |
| Other Loans | 115,231,952 |
| TOTAL LOANS | 288,396,733 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,071,481 |
| Land And Building | 7,439,031 |
| Other Fixed Assets | 1,046,338 |
| NCUSIF Deposit | 3,179,966 |
| All Other Assets | 67,482 |
| TOTAL ASSETS | 385,205,770 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,055 |
| Notes & Interest Payable | 2,351,691 |
| Accounts Payable & Other Liabilities | 5,802,513 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 66,119,753 |
| Regular shares | 139,493,955 |
| All Other Shares & Deposits | 133,981,024 |
| TOTAL SHARES & DEPOSITS | 339,594,732 |
| TOTAL LIABILITIES | 347,752,991 |
| Regular Reserve | 0 |
| Other Reserves | 6,461,926 |
| Undivided Earnings | 30,990,853 |
| TOTAL EQUITY | 37,452,779 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 385,205,770 |
| INCOME & EXPENSE | |
| Loan Income | 8,376,038 |
| Investment Income | 435,522 |
| Other Income | 1,659,758 |
| Total Employee Compensation & Benefits | 3,688,450 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,343,945 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 311,845 |
| Cost of Funds | 1,068,562 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,967,029 |
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