Jun, 30, 2024 — MAINE HARVEST FEDERAL CREDIT UNION is a federal credit union headquartered in UNITY, ME with 1 branch location and about $2.69 million in total assets. Opened 5 years ago in 2019, MAINE HARVEST FEDERAL CREDIT UNION has about 86 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MAINE HARVEST FEDERAL CREDIT UNION |
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Address: (Main Office) | 69 School St UNITY, ME 04988 |
Phone: | (207) 707-5200 |
Fax: | |
Website: | https://www.maineharvestfcu.coop |
Branches: | 1 branch locations |
Members: | 86 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24915 |
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Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 2019 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,691,413 |
CEO/Manager: | Scott Budde |
Chairperson: | Sammuel S May |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,607,332 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 716,231 |
Unsecured Loans | 0 |
Other Loans | 336,257 |
TOTAL LOANS | 1,052,488 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,852 |
Land And Building | 0 |
Other Fixed Assets | 28,492 |
NCUSIF Deposit | 11,563 |
All Other Assets | 0 |
TOTAL ASSETS | 2,691,413 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 802,602 |
All Other Shares & Deposits | 386,607 |
TOTAL SHARES & DEPOSITS | 1,189,209 |
TOTAL LIABILITIES | 1,189,209 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,502,204 |
TOTAL EQUITY | 1,502,204 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,691,413 |
INCOME & EXPENSE | |
Loan Income | 36,389 |
Investment Income | 4,679 |
Other Income | 3,965 |
Total Employee Compensation & Benefits | 160,428 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 103,989 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,073 |
Cost of Funds | 887 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -234,952 |
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