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.
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 |
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 |
↑ Back to Top |