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MAINE SAVINGS FEDERAL CREDIT UNION

Mar, 31, 2021 — MAINE SAVINGS FEDERAL CREDIT UNION is a federal credit union headquartered in Hampden, ME with 11 branch locations and about $543.42 million in total assets. Opened 60 years ago in 1961, MAINE SAVINGS FEDERAL CREDIT UNION has about 31,508 members and employs 118 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:31,508
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:$543,423,525
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 124,037,247
TOTAL INVESTMENTS 27,567,742
Loans Held for Sale 0
 
 Real Estate Loans 227,048,490
 Unsecured Loans 26,696,913
 Other Loans 106,851,782
 TOTAL LOANS 363,743,332
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,527,598
 Land And Building 12,076,699
 Other Fixed Assets 902,837
 NCUSIF Deposit 4,179,064
 All Other Assets 12,444,202
  TOTAL ASSETS 543,423,525
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 6,000,000
 Accounts Payable & Other Liabilities 1,293,441
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 103,438,641
 Regular shares 196,417,748
 All Other Shares & Deposits 189,936,845
  TOTAL SHARES & DEPOSITS 489,793,234
  TOTAL LIABILITIES 497,086,675
 Regular Reserve 3,507,665
 Other Reserves 0
 Undivided Earnings 42,829,185
  TOTAL EQUITY 46,336,850
  TOTAL LIABILITIES, SHARES, & EQUITY 543,423,525
INCOME & EXPENSE  
 Loan Income 4,055,327
 Investment Income 80,030
 Other Income 457,310
 Total Employee Compensation & Benefits 1,092,467
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,214,615
 Non-operating Income & (Expense) -3,059
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,024,520
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,733,326
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