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 |
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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 |
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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 |
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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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