Dec, 31, 2022 — 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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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