Credit Unions Near Me
National Credit Union Service Organization

MAINE STATE CREDIT UNION

Dec, 31, 2023 — MAINE STATE CREDIT UNION is a federally insured state chartered credit union headquartered in AUGUSTA, ME with 5 branch locations and about $642.60 million in total assets. Opened 89 years ago in 1935, MAINE STATE CREDIT UNION has about 35,440 members and employs 122 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: 211287340
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:35,440
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$642,601,616
CEO/Manager:Stephen Wallace
Chairperson:Eric Poirier

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 64,322,043
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 183,608,071
 Unsecured Loans 27,975,926
 Other Loans 205,653,242
 TOTAL LOANS 417,423,892
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,568,261
 Land And Building 11,943,709
 Other Fixed Assets 2,895,214
 NCUSIF Deposit 4,918,457
 All Other Assets 27,069
  TOTAL ASSETS 642,601,616
LIABILITIES & CAPITAL:  
 Dividends Payable 22,060
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,915,652
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 91,904,780
 Regular shares 178,188,406
 All Other Shares & Deposits 315,116,991
  TOTAL SHARES & DEPOSITS 585,210,177
  TOTAL LIABILITIES 588,147,889
 Regular Reserve 0
 Other Reserves -20,019,879
 Undivided Earnings 74,473,606
  TOTAL EQUITY 54,453,727
  TOTAL LIABILITIES, SHARES, & EQUITY 642,601,616
INCOME & EXPENSE  
 Loan Income 21,860,084
 Investment Income 3,199,103
 Other Income 1,658,123
 Total Employee Compensation & Benefits 10,617,033
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,215,255
 Non-operating Income & (Expense) -29,409
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,928,021
 Cost of Funds 7,021,980
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,449,377
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