Dec, 31, 2022 — BREWER FEDERAL CREDIT UNION is a federal credit union headquartered in BREWER, ME with 2 branch locations and about $95.73 million in total assets. Opened 63 years ago in 1960, BREWER FEDERAL CREDIT UNION has about 8,650 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://brewerfcu.org |
| Branches: | 2 branch locations |
| Members: | 8,650 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $95,731,877 |
| CEO/Manager: | P David DeFroscia, Jr |
| Chairperson: | Donald F Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,047,747 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,740,194 |
| Unsecured Loans | 3,100,887 |
| Other Loans | 49,906,728 |
| TOTAL LOANS | 69,747,809 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -537,099 |
| Land And Building | 1,216,482 |
| Other Fixed Assets | 116,366 |
| NCUSIF Deposit | 792,308 |
| All Other Assets | 0 |
| TOTAL ASSETS | 95,731,877 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 293,775 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,146,016 |
| Regular shares | 29,577,720 |
| All Other Shares & Deposits | 39,683,429 |
| TOTAL SHARES & DEPOSITS | 86,407,165 |
| TOTAL LIABILITIES | 86,700,940 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,030,937 |
| TOTAL EQUITY | 9,030,937 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 95,731,877 |
| INCOME & EXPENSE | |
| Loan Income | 2,370,690 |
| Investment Income | 86,470 |
| Other Income | 433,987 |
| Total Employee Compensation & Benefits | 1,083,478 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,548,382 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,272 |
| Cost of Funds | 304,562 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 546,062 |
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