Sep, 30, 2025 — LINCOLN MAINE FEDERAL CREDIT UNION is a federal credit union headquartered in LINCOLN, ME with 2 branch locations and about $142.62 million in total assets. Opened 60 years ago in 1966, LINCOLN MAINE FEDERAL CREDIT UNION has about 6,751 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LINCOLN MAINE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 171 W BROADWAY LINCOLN, ME 04457 |
| Phone: | (207) 794-8623 |
| Fax: | (207) 794-8187 |
| Website: | https://www.lincolnmainefcu.com |
| Branches: | 2 branch locations |
| Members: | 6,751 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17362 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $142,615,845 |
| CEO/Manager: | Ryan Reed |
| Chairperson: | CARL GUSTAFSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,168,610 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,686,382 |
| Unsecured Loans | 4,561,992 |
| Other Loans | 57,474,790 |
| TOTAL LOANS | 110,723,164 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -393,145 |
| Land And Building | 697,527 |
| Other Fixed Assets | 30,461 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,081,135 |
| All Other Assets | 0 |
| TOTAL ASSETS | 142,615,845 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 532,181 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,674,176 |
| Regular shares | 36,379,424 |
| All Other Shares & Deposits | 72,634,465 |
| TOTAL SHARES & DEPOSITS | 124,688,066 |
| TOTAL LIABILITIES | 125,220,247 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 17,395,598 |
| TOTAL EQUITY | 17,395,598 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 142,615,845 |
| INCOME & EXPENSE | |
| Loan Income | 5,302,658 |
| Investment Income | 846,995 |
| Other Income | 682,960 |
| Total Employee Compensation & Benefits | 1,508,093 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,133,195 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 118,451 |
| Cost of Funds | 2,130,462 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,124,780 |
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