Sep, 30, 2025 — MAINE HIGHLANDS FEDERAL CREDIT UNION is a federal credit union headquartered in DEXTER, ME with 6 branch locations and about $220.54 million in total assets. Opened 60 years ago in 1966, MAINE HIGHLANDS FEDERAL CREDIT UNION has about 14,251 members and employs 57 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 HIGHLANDS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 73 Main St DEXTER, ME 04930 |
| Phone: | (207) 924-5544 |
| Fax: | (207) 924-7527 |
| Website: | https://www.mhfcu.com |
| Branches: | 6 branch locations |
| Members: | 14,251 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17398 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $220,543,721 |
| CEO/Manager: | Maria L Wooten |
| Chairperson: | Nicholas Clukey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 55,229,366 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 87,144,034 |
| Unsecured Loans | 9,252,228 |
| Other Loans | 41,331,435 |
| TOTAL LOANS | 138,487,143 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -713,421 |
| Land And Building | 5,350,854 |
| Other Fixed Assets | 485,430 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,685,945 |
| All Other Assets | 92,970 |
| TOTAL ASSETS | 220,543,721 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,237,622 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,724,954 |
| Regular shares | 72,734,569 |
| All Other Shares & Deposits | 94,301,215 |
| TOTAL SHARES & DEPOSITS | 195,760,738 |
| TOTAL LIABILITIES | 196,998,360 |
| Regular Reserve | 0 |
| Other Reserves | 91,663 |
| Undivided Earnings | 23,453,698 |
| TOTAL EQUITY | 23,545,361 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 220,543,721 |
| INCOME & EXPENSE | |
| Loan Income | 7,009,494 |
| Investment Income | 2,027,401 |
| Other Income | 664,560 |
| Total Employee Compensation & Benefits | 2,987,072 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,950,297 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 361,528 |
| Cost of Funds | 2,610,891 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,902,051 |
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