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MAINE SAVINGS FEDERAL CREDIT UNION

Dec, 31, 2020 — MAINE SAVINGS FEDERAL CREDIT UNION is a federal credit union headquartered in Hampden, ME with 11 branch locations and about $513.28 million in total assets. Opened 60 years ago in 1961, MAINE SAVINGS FEDERAL CREDIT UNION has about 31,125 members and employs 120 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211288064
Name:MAINE SAVINGS FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 347
Hampden, ME 04444
Phone:(207) 862-6500
Fax:(207) 862-6502
Website:http://www.mainesavings.com
Branches:11 branch locations
Members:31,125
Credit Union Type:Federal Credit Union
Charter Number:14565
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1961
Last Audited:Mar 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$513,281,296
CEO/Manager:John Reed
Chairperson:Donald Grant

Call Report

  • Commercial Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 95,219,372
TOTAL INVESTMENTS 25,484,219
Loans Held for Sale 0
 
 Real Estate Loans 233,070,277
 Unsecured Loans 27,114,673
 Other Loans 104,348,005
 TOTAL LOANS 366,063,148
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,520,621
 Land And Building 12,186,980
 Other Fixed Assets 949,483
 NCUSIF Deposit 3,991,870
 All Other Assets 10,906,845
  TOTAL ASSETS 513,281,296
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 6,000,000
 Accounts Payable & Other Liabilities 3,072,723
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 94,404,921
 Regular shares 174,269,081
 All Other Shares & Deposits 190,931,048
  TOTAL SHARES & DEPOSITS 459,605,050
  TOTAL LIABILITIES 468,677,773
 Regular Reserve 3,507,665
 Other Reserves 0
 Undivided Earnings 41,095,858
  TOTAL EQUITY 44,603,523
  TOTAL LIABILITIES, SHARES, & EQUITY 513,281,296
INCOME & EXPENSE  
 Loan Income 16,837,927
 Investment Income 822,927
 Other Income 10,522,535
 Total Employee Compensation & Benefits 10,027,098
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,664,528
 Non-operating Income & (Expense) 751,079
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 466,350
 Cost of Funds 4,745,764
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,030,728
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