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National Credit Union Service Organization

UNIVERSITY CREDIT UNION

Dec, 31, 2023 — UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in ORONO, ME with 8 branch locations and about $480.03 million in total assets. Opened 57 years ago in 1967, UNIVERSITY CREDIT UNION has about 28,766 members and employs 94 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: 211288161
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:8 branch locations
Members:28,766
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$480,028,132
CEO/Manager:Renee Ouellette
Chairperson:Ency Whitehill

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 31,728,272
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 271,444,036
 Unsecured Loans 31,181,075
 Other Loans 81,937,278
 TOTAL LOANS 384,562,387
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,842,314
 Land And Building 5,320,258
 Other Fixed Assets 1,879,814
 NCUSIF Deposit 3,629,709
 All Other Assets 250
  TOTAL ASSETS 480,028,132
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 73,000,000
 Accounts Payable & Other Liabilities 7,422,001
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 126,537,515
 Regular shares 163,433,930
 All Other Shares & Deposits 70,947,330
  TOTAL SHARES & DEPOSITS 360,918,773
  TOTAL LIABILITIES 441,340,774
 Regular Reserve 0
 Other Reserves -4,855,842
 Undivided Earnings 43,543,200
  TOTAL EQUITY 38,687,358
  TOTAL LIABILITIES, SHARES, & EQUITY 480,028,132
INCOME & EXPENSE  
 Loan Income 16,826,051
 Investment Income 1,701,178
 Other Income 1,947,423
 Total Employee Compensation & Benefits 9,304,904
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,304,848
 Non-operating Income & (Expense) 40,084
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 131,498
 Cost of Funds 4,772,537
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,819,738
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