Dec, 31, 2020 — DIRIGO FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISTON, ME with 4 branch locations and about $310.82 million in total assets. Opened 65 years ago in 1956, DIRIGO FEDERAL CREDIT UNION has about 22,963 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: | 22,963 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $310,820,765 |
| CEO/Manager: | Mark Samson |
| Chairperson: | Steve Mennealy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 43,088,466 |
| TOTAL INVESTMENTS | 25,704,246 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 151,936,328 |
| Unsecured Loans | 8,039,913 |
| Other Loans | 65,809,566 |
| TOTAL LOANS | 225,785,807 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,808,789 |
| Land And Building | 7,243,143 |
| Other Fixed Assets | 1,023,472 |
| NCUSIF Deposit | 2,461,411 |
| All Other Assets | 7,323,009 |
| TOTAL ASSETS | 310,820,765 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 3,111,562 |
| Accounts Payable & Other Liabilities | 3,920,963 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 48,590,970 |
| Regular shares | 108,330,594 |
| All Other Shares & Deposits | 115,601,922 |
| TOTAL SHARES & DEPOSITS | 272,523,486 |
| TOTAL LIABILITIES | 279,556,011 |
| Regular Reserve | 9,320,722 |
| Other Reserves | -3,079,471 |
| Undivided Earnings | 25,023,503 |
| TOTAL EQUITY | 31,264,754 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 310,820,765 |
| INCOME & EXPENSE | |
| Loan Income | 9,159,819 |
| Investment Income | 789,851 |
| Other Income | 3,443,869 |
| Total Employee Compensation & Benefits | 4,346,277 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,967,488 |
| Non-operating Income & (Expense) | 46,989 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 797,121 |
| Cost of Funds | 2,001,679 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,327,963 |
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