Sep, 30, 2025 — UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in ORONO, ME with 10 branch locations and about $517.56 million in total assets. Opened 59 years ago in 1967, UNIVERSITY CREDIT UNION has about 31,600 members and employs 105 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNIVERSITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 15 Main St ORONO, ME 04473 |
| Phone: | (207) 889-8600 |
| Fax: | (207) 889-9086 |
| Website: | https://www.ucumaine.com |
| Branches: | 10 branch locations |
| Members: | 31,600 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63133 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $517,560,728 |
| CEO/Manager: | Renee Ouellette |
| Chairperson: | Steve Baillargeon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 34,202,843 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 270,400 |
| Real Estate Loans | 290,416,446 |
| Unsecured Loans | 33,204,904 |
| Other Loans | 81,523,013 |
| TOTAL LOANS | 405,144,363 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,106,784 |
| Land And Building | 6,583,141 |
| Other Fixed Assets | 2,216,441 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,779,049 |
| All Other Assets | 17,900 |
| TOTAL ASSETS | 517,560,728 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 68,250,000 |
| Accounts Payable & Other Liabilities | 5,779,086 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 132,545,978 |
| Regular shares | 171,414,099 |
| All Other Shares & Deposits | 93,607,596 |
| TOTAL SHARES & DEPOSITS | 397,567,673 |
| TOTAL LIABILITIES | 471,605,011 |
| Regular Reserve | 0 |
| Other Reserves | -604,058 |
| Undivided Earnings | 46,559,775 |
| TOTAL EQUITY | 45,955,717 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 517,560,728 |
| INCOME & EXPENSE | |
| Loan Income | 16,013,107 |
| Investment Income | 2,377,420 |
| Other Income | 1,701,846 |
| Total Employee Compensation & Benefits | 8,353,070 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,234,984 |
| Non-operating Income & (Expense) | 40,703 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 481,978 |
| Cost of Funds | 5,466,386 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,951,109 |
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