Credit Unions Near Me
National Credit Union Service Organization

CONNECTED CREDIT UNION

Jun, 30, 2021 — CONNECTED CREDIT UNION is a federally insured state chartered credit union headquartered in AUGUSTA, ME with 3 branch locations and about $113.33 million in total assets. Opened 54 years ago in 1967, CONNECTED CREDIT UNION has about 8,475 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)
PO BOX 1096
AUGUSTA, ME 04330
Phone:(207) 623-3857
Fax:(207) 622-7258
Website:http://www.connectedcreditunion.org
Branches:3 branch locations
Members:8,475
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:$113,329,637
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 11,220,719
TOTAL INVESTMENTS 39,321,795
Loans Held for Sale 0
 
 Real Estate Loans 17,567,130
 Unsecured Loans 2,294,375
 Other Loans 34,121,726
 TOTAL LOANS 53,983,231
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -128,126
 Land And Building 2,400,260
 Other Fixed Assets 145,751
 NCUSIF Deposit 956,132
 All Other Assets 5,429,875
  TOTAL ASSETS 113,329,637
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 313,311
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,853,364
 Regular shares 49,722,848
 All Other Shares & Deposits 35,093,987
  TOTAL SHARES & DEPOSITS 102,670,199
  TOTAL LIABILITIES 102,983,510
 Regular Reserve 1,288,435
 Other Reserves 5,218,003
 Undivided Earnings 3,839,689
  TOTAL EQUITY 10,346,127
  TOTAL LIABILITIES, SHARES, & EQUITY 113,329,637
INCOME & EXPENSE  
 Loan Income 1,333,281
 Investment Income 201,001
 Other Income 451,844
 Total Employee Compensation & Benefits 782,086
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 916,380
 Non-operating Income & (Expense) -1,248
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,000
 Cost of Funds 157,698
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 206,473
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