Credit Unions Near Me
National Credit Union Service Organization

CONNECTED CREDIT UNION

Dec, 31, 2023 — CONNECTED CREDIT UNION is a federally insured state chartered credit union headquartered in AUGUSTA, ME with 2 branch locations and about $118.98 million in total assets. Opened 57 years ago in 1967, CONNECTED CREDIT UNION has about 8,186 members and employs 21 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:8,186
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$118,978,135
CEO/Manager:Cathy Bond
Chairperson:Patricia Suga

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,827,674
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 17,318,086
 Unsecured Loans 2,708,771
 Other Loans 32,506,090
 TOTAL LOANS 52,532,947
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -347,188
 Land And Building 2,207,619
 Other Fixed Assets 110,499
 NCUSIF Deposit 1,053,149
 All Other Assets 0
  TOTAL ASSETS 118,978,135
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 617,794
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,421,916
 Regular shares 46,137,181
 All Other Shares & Deposits 40,183,803
  TOTAL SHARES & DEPOSITS 105,742,900
  TOTAL LIABILITIES 106,360,694
 Regular Reserve 0
 Other Reserves 5,218,003
 Undivided Earnings 7,399,438
  TOTAL EQUITY 12,617,441
  TOTAL LIABILITIES, SHARES, & EQUITY 118,978,135
INCOME & EXPENSE  
 Loan Income 3,122,217
 Investment Income 1,410,872
 Other Income 1,075,305
 Total Employee Compensation & Benefits 1,940,951
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,830,005
 Non-operating Income & (Expense) -1,860
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 165,000
 Cost of Funds 744,888
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,077,065
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