Sep, 30, 2025 — MAINE STATE CREDIT UNION is a federally insured state chartered credit union headquartered in AUGUSTA, ME with 5 branch locations and about $753.34 million in total assets. Opened 91 years ago in 1935, MAINE STATE CREDIT UNION has about 37,266 members and employs 140 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAINE STATE CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 Capitol St AUGUSTA, ME 04330-6238 |
| Phone: | (207) 623-1851 |
| Fax: | |
| Website: | https://www.mainestatecu.org |
| Branches: | 5 branch locations |
| Members: | 37,266 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63377 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $753,336,929 |
| CEO/Manager: | Stephen Wallace |
| Chairperson: | Eric Poirier |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 50,650,341 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 301,800,557 |
| Unsecured Loans | 27,264,222 |
| Other Loans | 223,016,943 |
| TOTAL LOANS | 552,192,728 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,281,836 |
| Land And Building | 13,907,941 |
| Other Fixed Assets | 3,343,631 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,487,894 |
| All Other Assets | 40,040 |
| TOTAL ASSETS | 753,336,929 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,472 |
| Notes & Interest Payable | 15,000,000 |
| Accounts Payable & Other Liabilities | 3,365,275 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 103,272,600 |
| Regular shares | 172,649,957 |
| All Other Shares & Deposits | 390,114,244 |
| TOTAL SHARES & DEPOSITS | 666,036,802 |
| TOTAL LIABILITIES | 684,407,549 |
| Regular Reserve | 0 |
| Other Reserves | -8,790,832 |
| Undivided Earnings | 77,720,212 |
| TOTAL EQUITY | 68,929,380 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 753,336,929 |
| INCOME & EXPENSE | |
| Loan Income | 25,487,046 |
| Investment Income | 3,035,771 |
| Other Income | 1,682,809 |
| Total Employee Compensation & Benefits | 9,058,677 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,788,306 |
| Non-operating Income & (Expense) | -258,750 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,771,319 |
| Cost of Funds | 10,990,892 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,192,462 |
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