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MAINE HIGHLANDS FEDERAL CREDIT UNION

Mar, 31, 2021 — MAINE HIGHLANDS FEDERAL CREDIT UNION is a federal credit union headquartered in DEXTER, ME with 6 branch locations and about $164.33 million in total assets. Opened 55 years ago in 1966, MAINE HIGHLANDS FEDERAL CREDIT UNION has about 13,195 members and employs 52 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: 211287638
Name:MAINE HIGHLANDS FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 233
DEXTER, ME 04930
Phone:(207) 924-5544
Fax:(207) 924-7527
Website:http://www.mhfcu.com
Branches:6 branch locations
Members:13,195
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$164,328,237
CEO/Manager:Rhonda M Taylor
Chairperson:Linda Dulac

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 39,778,991
TOTAL INVESTMENTS 7,352,051
Loans Held for Sale 0
 
 Real Estate Loans 70,018,606
 Unsecured Loans 7,066,660
 Other Loans 29,733,850
 TOTAL LOANS 107,471,401
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -168,079
 Land And Building 5,888,716
 Other Fixed Assets 1,378,492
 NCUSIF Deposit 1,241,627
 All Other Assets 1,385,038
  TOTAL ASSETS 164,328,237
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,769,902
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 25,322,951
 Regular shares 71,174,256
 All Other Shares & Deposits 52,659,135
  TOTAL SHARES & DEPOSITS 149,156,342
  TOTAL LIABILITIES 150,926,244
 Regular Reserve 4,944,975
 Other Reserves 41,014
 Undivided Earnings 8,416,004
  TOTAL EQUITY 13,401,993
  TOTAL LIABILITIES, SHARES, & EQUITY 164,328,237
INCOME & EXPENSE  
 Loan Income 1,472,072
 Investment Income 40,370
 Other Income 143,272
 Total Employee Compensation & Benefits 768,616
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 778,452
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 159,110
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 280,137
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