Dec, 31, 2022 — MAINE SAVINGS FEDERAL CREDIT UNION is a federal credit union headquartered in HAMPDEN, ME with 11 branch locations and about $587.81 million in total assets. Opened 62 years ago in 1961, MAINE SAVINGS FEDERAL CREDIT UNION has about 34,770 members and employs 132 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MAINE SAVINGS FEDERAL CREDIT UNION |
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Address: (Main Office) | 101 Western Ave HAMPDEN, ME 04444 |
Phone: | (207) 862-6500 |
Fax: | (207) 862-6502 |
Website: | https://www.mainesavings.com |
Branches: | 11 branch locations |
Members: | 34,770 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14565 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $587,811,305 |
CEO/Manager: | John Reed |
Chairperson: | Donald Grant |
ASSETS: | $ Amount |
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Cash & Equivalents | 40,638,628 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 272,592,949 |
Unsecured Loans | 28,978,112 |
Other Loans | 157,594,696 |
TOTAL LOANS | 461,625,070 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,188,378 |
Land And Building | 10,043,293 |
Other Fixed Assets | 1,140,050 |
NCUSIF Deposit | 4,618,306 |
All Other Assets | 248 |
TOTAL ASSETS | 587,811,305 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -1,867,323 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 117,770,895 |
Regular shares | 235,022,241 |
All Other Shares & Deposits | 185,905,510 |
TOTAL SHARES & DEPOSITS | 538,698,646 |
TOTAL LIABILITIES | 536,831,323 |
Regular Reserve | 0 |
Other Reserves | 3,507,665 |
Undivided Earnings | 47,472,317 |
TOTAL EQUITY | 50,979,982 |
TOTAL LIABILITIES, SHARES, & EQUITY | 587,811,305 |
INCOME & EXPENSE | |
Loan Income | 13,934,832 |
Investment Income | 1,144,966 |
Other Income | 1,718,763 |
Total Employee Compensation & Benefits | 6,787,441 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,342,954 |
Non-operating Income & (Expense) | -65 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 2,530,930 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,446,115 |
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