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WINTHROP AREA FEDERAL CREDIT UNION

Jun, 30, 2021 — WINTHROP AREA FEDERAL CREDIT UNION is a federal credit union headquartered in WINTHROP, ME with 1 branch location and about $89.99 million in total assets. Opened 84 years ago in 1937, WINTHROP AREA FEDERAL CREDIT UNION has about 7,643 members and employs 13 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:7,643
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:$89,992,318
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 20,212,079
TOTAL INVESTMENTS 20,533,404
Loans Held for Sale 0
 
 Real Estate Loans 16,840,595
 Unsecured Loans 940,798
 Other Loans 29,088,190
 TOTAL LOANS 46,869,583
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -289,857
 Land And Building 1,055,266
 Other Fixed Assets 144,648
 NCUSIF Deposit 693,856
 All Other Assets 773,339
  TOTAL ASSETS 89,992,318
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 352,322
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,213,560
 Regular shares 20,349,177
 All Other Shares & Deposits 49,795,669
  TOTAL SHARES & DEPOSITS 81,358,406
  TOTAL LIABILITIES 81,710,728
 Regular Reserve 1,202,600
 Other Reserves 0
 Undivided Earnings 7,078,990
  TOTAL EQUITY 8,281,590
  TOTAL LIABILITIES, SHARES, & EQUITY 89,992,318
INCOME & EXPENSE  
 Loan Income 1,218,975
 Investment Income 43,438
 Other Income 94,704
 Total Employee Compensation & Benefits 433,753
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 707,216
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,000
 Cost of Funds 207,884
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 187,402
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