Jun, 30, 2023 — MAINE FAMILY FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISTON, ME with 2 branch locations and about $256.40 million in total assets. Opened 85 years ago in 1938, MAINE FAMILY FEDERAL CREDIT UNION has about 22,461 members and employs 43 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 FAMILY FEDERAL CREDIT UNION |
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Address: (Main Office) | 555 Sabattus St LEWISTON, ME 04240 |
Phone: | (207) 783-2071 |
Fax: | (207) 795-0106 |
Website: | https://www.mainefamilyfcu.com |
Branches: | 2 branch locations |
Members: | 22,461 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2644 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $256,396,556 |
CEO/Manager: | Daniel A Clarke |
Chairperson: | Natalie Williamson |
ASSETS: | $ Amount |
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Cash & Equivalents | 21,958,291 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 47,752,049 |
Unsecured Loans | 7,079,655 |
Other Loans | 46,652,740 |
TOTAL LOANS | 105,469,618 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -209,569 |
Land And Building | 5,128,019 |
Other Fixed Assets | 475,203 |
NCUSIF Deposit | 2,149,933 |
All Other Assets | 35,559 |
TOTAL ASSETS | 256,396,556 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 280,494 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 42,637,160 |
Regular shares | 114,879,409 |
All Other Shares & Deposits | 78,130,321 |
TOTAL SHARES & DEPOSITS | 235,646,890 |
TOTAL LIABILITIES | 235,927,384 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 20,469,172 |
TOTAL EQUITY | 20,469,172 |
TOTAL LIABILITIES, SHARES, & EQUITY | 256,396,556 |
INCOME & EXPENSE | |
Loan Income | 2,899,652 |
Investment Income | 1,058,181 |
Other Income | 770,746 |
Total Employee Compensation & Benefits | 2,178,329 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,376,584 |
Non-operating Income & (Expense) | -10,314 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 552,586 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 929,093 |
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