Sep, 30, 2025 — WINTHROP AREA FEDERAL CREDIT UNION is a federal credit union headquartered in WINTHROP, ME with 1 branch location and about $103.03 million in total assets. Opened 89 years ago in 1937, WINTHROP AREA FEDERAL CREDIT UNION has about 7,994 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WINTHROP AREA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 94 HIGHLAND AVE WINTHROP, ME 04364 |
| Phone: | (207) 377-2124 |
| Fax: | (207) 377-2767 |
| Website: | https://www.winthropcreditunion.org |
| Branches: | 1 branch locations |
| Members: | 7,994 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2301 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $103,031,599 |
| CEO/Manager: | JEFFREY J SEGUIN |
| Chairperson: | PENNY J PRAY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,330,357 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,313,680 |
| Unsecured Loans | 1,028,346 |
| Other Loans | 38,543,193 |
| TOTAL LOANS | 55,885,219 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -294,415 |
| Land And Building | 946,182 |
| Other Fixed Assets | 195,416 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 802,074 |
| All Other Assets | 0 |
| TOTAL ASSETS | 103,031,599 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 750,796 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,046,218 |
| Regular shares | 19,071,930 |
| All Other Shares & Deposits | 59,595,892 |
| TOTAL SHARES & DEPOSITS | 90,714,039 |
| TOTAL LIABILITIES | 91,464,835 |
| Regular Reserve | 0 |
| Other Reserves | 1,202,600 |
| Undivided Earnings | 10,364,164 |
| TOTAL EQUITY | 11,566,764 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 103,031,599 |
| INCOME & EXPENSE | |
| Loan Income | 2,624,922 |
| Investment Income | 1,292,816 |
| Other Income | 171,821 |
| Total Employee Compensation & Benefits | 979,118 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,364,852 |
| Non-operating Income & (Expense) | -10,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 63,500 |
| Cost of Funds | 1,224,169 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 800,409 |
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