Jun, 30, 2024 — ATLANTIC REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH PORTLAND, ME with 9 branch locations and about $1.03 billion in total assets. Opened 84 years ago in 1941, ATLANTIC REGIONAL FEDERAL CREDIT UNION has about 48,284 members and employs 203 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ATLANTIC REGIONAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 600 Sable Oaks Dr Ste 100 SOUTH PORTLAND, ME 04106-3292 |
| Phone: | (800) 834-0432 |
| Fax: | |
| Website: | https://atlanticfcu.com |
| Branches: | 9 branch locations |
| Members: | 48,284 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4281 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,026,686,346 |
| CEO/Manager: | Scott Chretien |
| Chairperson: | Thomas Perkins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,099,846 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 486,841,199 |
| Unsecured Loans | 25,732,779 |
| Other Loans | 209,940,997 |
| TOTAL LOANS | 729,844,445 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,443,291 |
| Land And Building | 34,805,553 |
| Other Fixed Assets | 2,650,710 |
| NCUSIF Deposit | 8,317,469 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,026,686,346 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 28,231,328 |
| Accounts Payable & Other Liabilities | 5,449,158 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 265,129,933 |
| Regular shares | 381,876,589 |
| All Other Shares & Deposits | 267,138,614 |
| TOTAL SHARES & DEPOSITS | 914,145,136 |
| TOTAL LIABILITIES | 947,825,622 |
| Regular Reserve | 0 |
| Other Reserves | 11,587,556 |
| Undivided Earnings | 67,273,168 |
| TOTAL EQUITY | 78,860,724 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,026,686,346 |
| INCOME & EXPENSE | |
| Loan Income | 22,545,404 |
| Investment Income | 3,086,026 |
| Other Income | 3,460,648 |
| Total Employee Compensation & Benefits | 14,543,994 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 12,167,005 |
| Non-operating Income & (Expense) | -12,549 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 864,000 |
| Cost of Funds | 2,627,362 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,148,974 |
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