Jun, 30, 2024 — NEW DIMENSIONS FEDERAL CREDIT UNION is a federal credit union headquartered in WATERVILLE, ME with 5 branch locations and about $221.34 million in total assets. Opened 69 years ago in 1956, NEW DIMENSIONS FEDERAL CREDIT UNION has about 17,926 members and employs 66 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEW DIMENSIONS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 94 Silver St WATERVILLE, ME 04901 |
| Phone: | (207) 872-2771 |
| Fax: | |
| Website: | https://newdimensionsfcu.com |
| Branches: | 5 branch locations |
| Members: | 17,926 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11253 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $221,335,010 |
| CEO/Manager: | Ryan G Poulin |
| Chairperson: | Jerome Allen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,997,591 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 74,000,424 |
| Unsecured Loans | 9,113,250 |
| Other Loans | 100,603,871 |
| TOTAL LOANS | 183,717,545 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -979,385 |
| Land And Building | 6,536,644 |
| Other Fixed Assets | 555,537 |
| NCUSIF Deposit | 1,744,848 |
| All Other Assets | 4,725 |
| TOTAL ASSETS | 221,335,010 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 21,308,533 |
| Accounts Payable & Other Liabilities | 374,020 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,824,031 |
| Regular shares | 88,527,357 |
| All Other Shares & Deposits | 64,159,723 |
| TOTAL SHARES & DEPOSITS | 183,511,111 |
| TOTAL LIABILITIES | 205,193,664 |
| Regular Reserve | 0 |
| Other Reserves | 3,958,669 |
| Undivided Earnings | 12,182,677 |
| TOTAL EQUITY | 16,141,346 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 221,335,010 |
| INCOME & EXPENSE | |
| Loan Income | 6,744,582 |
| Investment Income | 145,490 |
| Other Income | 1,044,256 |
| Total Employee Compensation & Benefits | 3,608,473 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,566,884 |
| Non-operating Income & (Expense) | 1,050 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 358,687 |
| Cost of Funds | 465,904 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,390,597 |
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