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 |
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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 |
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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, 2019 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $310,820,765 |
CEO/Manager: | Mark Samson |
Chairperson: | Steve Mennealy |
ASSETS: | $ Amount |
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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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