Mar, 31, 2022 — DIRIGO FEDERAL CREDIT UNION is a federal credit union headquartered in Lewiston, ME with 4 branch locations and about $364.33 million in total assets. Opened 66 years ago in 1956, DIRIGO FEDERAL CREDIT UNION has about 24,347 members and employs 64 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: | http://www.dirigofcu.com |
| Branches: | 4 branch locations |
| Members: | 24,347 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $364,329,570 |
| CEO/Manager: | Mark Samson |
| Chairperson: | Steve Mennealy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 50,334,222 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 160,683,727 |
| Unsecured Loans | 8,654,827 |
| Other Loans | 103,083,588 |
| TOTAL LOANS | 272,422,142 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,020,720 |
| Land And Building | 6,996,534 |
| Other Fixed Assets | 1,377,297 |
| NCUSIF Deposit | 2,908,522 |
| All Other Assets | 0 |
| TOTAL ASSETS | 364,329,570 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,485 |
| Notes & Interest Payable | 2,570,297 |
| Accounts Payable & Other Liabilities | 3,888,074 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 59,397,500 |
| Regular shares | 138,092,309 |
| All Other Shares & Deposits | 125,111,918 |
| TOTAL SHARES & DEPOSITS | 322,601,727 |
| TOTAL LIABILITIES | 329,064,583 |
| Regular Reserve | 0 |
| Other Reserves | 6,384,967 |
| Undivided Earnings | 28,880,020 |
| TOTAL EQUITY | 35,264,987 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 364,329,570 |
| INCOME & EXPENSE | |
| Loan Income | 2,656,140 |
| Investment Income | 27,173 |
| Other Income | 524,739 |
| Total Employee Compensation & Benefits | 1,181,762 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,397,690 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 107,027 |
| Cost of Funds | 293,091 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 856,200 |
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