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MAINE HARVEST FEDERAL CREDIT UNION

Mar, 31, 2021 — MAINE HARVEST FEDERAL CREDIT UNION is a federal credit union headquartered in Unity, ME with 1 branch location and about $3.08 million in total assets. Opened 2 years ago in 2019, MAINE HARVEST FEDERAL CREDIT UNION has about 60 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MAINE HARVEST FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. Box 249
Unity, ME 04988
Phone:(207) 707-5200
Fax:
Website:http://www.maineharvestfcu.coop
Branches:1 branch locations
Members:60
Credit Union Type:Federal Credit Union
Charter Number:24915
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:2019
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$3,080,977
CEO/Manager:Scott Budde
Chairperson:Sammuel S May

Call Report

  • Commercial Loans
  • Commercial Share Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,222,039
TOTAL INVESTMENTS 240,173
Loans Held for Sale 0
 
 Real Estate Loans 459,767
 Unsecured Loans 0
 Other Loans 103,378
 TOTAL LOANS 563,145
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,494
 Land And Building 0
 Other Fixed Assets 48,811
 NCUSIF Deposit 201
 All Other Assets 12,102
  TOTAL ASSETS 3,080,977
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,100
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 645,247
 All Other Shares & Deposits 612,455
  TOTAL SHARES & DEPOSITS 1,257,702
  TOTAL LIABILITIES 1,259,802
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,821,175
  TOTAL EQUITY 1,821,175
  TOTAL LIABILITIES, SHARES, & EQUITY 3,080,977
INCOME & EXPENSE  
 Loan Income 4,370
 Investment Income 361
 Other Income 2,250
 Total Employee Compensation & Benefits 51,448
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 50,826
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,980
 Cost of Funds 342
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -98,615
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