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WINTHROP AREA FEDERAL CREDIT UNION

Mar, 31, 2022 — WINTHROP AREA FEDERAL CREDIT UNION is a federal credit union headquartered in WINTHROP, ME with 1 branch location and about $94.49 million in total assets. Opened 85 years ago in 1937, WINTHROP AREA FEDERAL CREDIT UNION has about 7,748 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)
94 HIGHLAND AVE
WINTHROP, ME 04364
Phone:(207) 377-2124
Fax:(207) 377-2767
Website:http://www.winthropcreditunion.org
Branches:1 branch locations
Members:7,748
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$94,493,470
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 12,211,362
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 15,701,875
 Unsecured Loans 864,386
 Other Loans 32,998,956
 TOTAL LOANS 49,565,217
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -272,540
 Land And Building 1,031,164
 Other Fixed Assets 114,986
 NCUSIF Deposit 785,417
 All Other Assets 0
  TOTAL ASSETS 94,493,470
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 396,879
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,178,746
 Regular shares 21,469,645
 All Other Shares & Deposits 51,814,147
  TOTAL SHARES & DEPOSITS 85,462,538
  TOTAL LIABILITIES 85,859,417
 Regular Reserve 0
 Other Reserves 1,202,600
 Undivided Earnings 7,431,453
  TOTAL EQUITY 8,634,053
  TOTAL LIABILITIES, SHARES, & EQUITY 94,493,470
INCOME & EXPENSE  
 Loan Income 588,504
 Investment Income 59,867
 Other Income 59,416
 Total Employee Compensation & Benefits 252,851
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 343,931
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 16,500
 Cost of Funds 90,799
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 109,028
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