Credit Unions Near Me
National Credit Union Service Organization

CONNECTED CREDIT UNION

Dec, 31, 2021 — CONNECTED CREDIT UNION is a federally insured state chartered credit union headquartered in AUGUSTA, ME with 3 branch locations and about $117.33 million in total assets. Opened 55 years ago in 1967, CONNECTED CREDIT UNION has about 8,396 members and employs 20 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:http://www.connectedcreditunion.org
Branches:3 branch locations
Members:8,396
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$117,326,918
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 12,136,349
TOTAL INVESTMENTS 42,657,737
Loans Held for Sale 0
 
 Real Estate Loans 17,254,090
 Unsecured Loans 2,457,110
 Other Loans 33,909,091
 TOTAL LOANS 53,620,291
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -157,606
 Land And Building 2,352,784
 Other Fixed Assets 138,029
 NCUSIF Deposit 995,366
 All Other Assets 5,583,968
  TOTAL ASSETS 117,326,918
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 406,543
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 18,822,616
 Regular shares 52,844,650
 All Other Shares & Deposits 34,595,106
  TOTAL SHARES & DEPOSITS 106,262,372
  TOTAL LIABILITIES 106,668,915
 Regular Reserve 1,288,435
 Other Reserves 5,218,003
 Undivided Earnings 4,151,565
  TOTAL EQUITY 10,658,003
  TOTAL LIABILITIES, SHARES, & EQUITY 117,326,918
INCOME & EXPENSE  
 Loan Income 2,665,337
 Investment Income 442,006
 Other Income 970,227
 Total Employee Compensation & Benefits 1,555,799
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,815,783
 Non-operating Income & (Expense) -2,533
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 32,300
 Cost of Funds 282,329
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 518,349
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