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WINTHROP AREA FEDERAL CREDIT UNION

Sep, 30, 2021 — WINTHROP AREA FEDERAL CREDIT UNION is a federal credit union headquartered in WINTHROP, ME with 1 branch location and about $90.43 million in total assets. Opened 85 years ago in 1937, WINTHROP AREA FEDERAL CREDIT UNION has about 7,687 members and employs 14 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)
PO BOX 55
WINTHROP, ME 04364-0055
Phone:(207) 377-2124
Fax:(207) 377-2767
Website:http://www.winthropcreditunion.org
Branches:1 branch locations
Members:7,687
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$90,429,174
CEO/Manager:JEFFREY J SEGUIN
Chairperson:SCOTT KETCHEN

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 17,968,878
TOTAL INVESTMENTS 22,027,404
Loans Held for Sale 0
 
 Real Estate Loans 16,094,874
 Unsecured Loans 947,807
 Other Loans 30,999,283
 TOTAL LOANS 48,041,964
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -265,506
 Land And Building 1,039,868
 Other Fixed Assets 133,678
 NCUSIF Deposit 693,856
 All Other Assets 789,032
  TOTAL ASSETS 90,429,174
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 317,934
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,608,473
 Regular shares 19,502,865
 All Other Shares & Deposits 50,561,503
  TOTAL SHARES & DEPOSITS 81,672,841
  TOTAL LIABILITIES 81,990,775
 Regular Reserve 1,202,600
 Other Reserves 0
 Undivided Earnings 7,235,799
  TOTAL EQUITY 8,438,399
  TOTAL LIABILITIES, SHARES, & EQUITY 90,429,174
INCOME & EXPENSE  
 Loan Income 1,826,914
 Investment Income 123,858
 Other Income 144,656
 Total Employee Compensation & Benefits 651,999
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,068,928
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 37,500
 Cost of Funds 305,643
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 344,211
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