Jun, 30, 2024 — CHANGING SEASONS FEDERAL CREDIT UNION is a federal credit union headquartered in HAMPDEN, ME with 1 branch location and about $30.89 million in total assets. Opened 59 years ago in 1966, CHANGING SEASONS FEDERAL CREDIT UNION has about 2,327 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHANGING SEASONS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 115 Mecaw Rd HAMPDEN, ME 04444-1944 |
| Phone: | (207) 945-6264 |
| Fax: | (207) 517-6850 |
| Website: | https://www.changingseasonsfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,327 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17472 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Oct 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,886,929 |
| CEO/Manager: | Rob S Picard |
| Chairperson: | Elizabeth H Kotredes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 597,059 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,930,068 |
| Unsecured Loans | 3,542,731 |
| Other Loans | 13,266,020 |
| TOTAL LOANS | 26,738,819 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,327 |
| Land And Building | 775,601 |
| Other Fixed Assets | 143,165 |
| NCUSIF Deposit | 240,887 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,886,929 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,820 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,106,378 |
| Regular shares | 15,304,799 |
| All Other Shares & Deposits | 9,391,112 |
| TOTAL SHARES & DEPOSITS | 28,802,289 |
| TOTAL LIABILITIES | 28,820,109 |
| Regular Reserve | 0 |
| Other Reserves | 319,332 |
| Undivided Earnings | 1,747,488 |
| TOTAL EQUITY | 2,066,820 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,886,929 |
| INCOME & EXPENSE | |
| Loan Income | 1,041,676 |
| Investment Income | 38,494 |
| Other Income | 107,178 |
| Total Employee Compensation & Benefits | 480,858 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 748,285 |
| Non-operating Income & (Expense) | 4,440 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 65,382 |
| Cost of Funds | 71,799 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -38,240 |
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