Sep, 30, 2025 — BREWER FEDERAL CREDIT UNION is a federal credit union headquartered in BREWER, ME with 2 branch locations and about $110.87 million in total assets. Opened 66 years ago in 1960, BREWER FEDERAL CREDIT UNION has about 8,485 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BREWER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 229 Dirigo Dr BREWER, ME 04412-1665 |
| Phone: | (207) 989-7240 |
| Fax: | (207) 989-5985 |
| Website: | https://www.brewerfcu.org |
| Branches: | 2 branch locations |
| Members: | 8,485 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13682 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $110,866,558 |
| CEO/Manager: | P David DeFroscia, Jr |
| Chairperson: | Donald F Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,307,527 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,484,249 |
| Unsecured Loans | 3,314,202 |
| Other Loans | 52,864,150 |
| TOTAL LOANS | 73,662,601 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -704,228 |
| Land And Building | 1,098,819 |
| Other Fixed Assets | 98,660 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 927,583 |
| All Other Assets | 0 |
| TOTAL ASSETS | 110,866,558 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 339,290 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,298,153 |
| Regular shares | 26,578,294 |
| All Other Shares & Deposits | 54,107,142 |
| TOTAL SHARES & DEPOSITS | 98,983,589 |
| TOTAL LIABILITIES | 99,322,879 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 11,543,679 |
| TOTAL EQUITY | 11,543,679 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 110,866,558 |
| INCOME & EXPENSE | |
| Loan Income | 3,436,320 |
| Investment Income | 849,102 |
| Other Income | 410,509 |
| Total Employee Compensation & Benefits | 1,334,623 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,916,197 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 208,477 |
| Cost of Funds | 1,465,519 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 560,059 |
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