Credit Unions Near Me
National Credit Union Service Organization

CONNECTED CREDIT UNION

Sep, 30, 2022 — CONNECTED CREDIT UNION is a federally insured state chartered credit union headquartered in AUGUSTA, ME with 2 branch locations and about $121.06 million in total assets. Opened 56 years ago in 1967, CONNECTED CREDIT UNION has about 8,334 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211287353
Name:CONNECTED CREDIT UNION
Address:
(Main Office)
85 Civic Center Drive
AUGUSTA, ME 04330
Phone:(207) 623-3857
Fax:(207) 622-7258
Website:https://www.connectedcreditunion.org
Branches:2 branch locations
Members:8,334
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62976
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1967
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$121,062,864
CEO/Manager:Richard P Lachance
Chairperson:John Cassidy

Call Report

  • Credit Builder
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,379,115
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 17,350,064
 Unsecured Loans 2,476,742
 Other Loans 33,977,636
 TOTAL LOANS 53,804,442
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -187,839
 Land And Building 2,288,801
 Other Fixed Assets 124,241
 NCUSIF Deposit 1,022,754
 All Other Assets 0
  TOTAL ASSETS 121,062,864
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 318,322
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,902,273
 Regular shares 54,288,171
 All Other Shares & Deposits 35,292,516
  TOTAL SHARES & DEPOSITS 109,482,960
  TOTAL LIABILITIES 109,801,282
 Regular Reserve 0
 Other Reserves 5,218,003
 Undivided Earnings 6,043,579
  TOTAL EQUITY 11,261,582
  TOTAL LIABILITIES, SHARES, & EQUITY 121,062,864
INCOME & EXPENSE  
 Loan Income 1,934,829
 Investment Income 482,336
 Other Income 776,569
 Total Employee Compensation & Benefits 1,145,230
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,296,805
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,000
 Cost of Funds 185,205
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 603,579
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