Dec, 31, 2023 — COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in LEWISTON, ME with 3 branch locations and about $100.04 million in total assets. Opened 79 years ago in 1945, COMMUNITY CREDIT UNION has about 12,294 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COMMUNITY CREDIT UNION |
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Address: (Main Office) | 144 Pine St LEWISTON, ME 04240 |
Phone: | (207) 783-2096 |
Fax: | (207) 783-2093 |
Website: | https://www.communitycreditunion.com |
Branches: | 3 branch locations |
Members: | 12,294 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63447 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1945 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $100,039,641 |
CEO/Manager: | Jennifer M Hogan |
Chairperson: | Marcel R Gagne |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,430,750 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 26,131,331 |
Unsecured Loans | 4,115,367 |
Other Loans | 53,840,408 |
TOTAL LOANS | 84,332,145 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -761,207 |
Land And Building | 1,817,303 |
Other Fixed Assets | 316,683 |
NCUSIF Deposit | 856,855 |
All Other Assets | 119,496 |
TOTAL ASSETS | 100,039,641 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,223,372 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,742,106 |
Regular shares | 39,125,442 |
All Other Shares & Deposits | 30,447,548 |
TOTAL SHARES & DEPOSITS | 88,315,096 |
TOTAL LIABILITIES | 89,538,468 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 10,501,173 |
TOTAL EQUITY | 10,501,173 |
TOTAL LIABILITIES, SHARES, & EQUITY | 100,039,641 |
INCOME & EXPENSE | |
Loan Income | 4,993,240 |
Investment Income | 352,277 |
Other Income | 1,772,494 |
Total Employee Compensation & Benefits | 2,371,557 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,933,601 |
Non-operating Income & (Expense) | 678,773 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 752,240 |
Cost of Funds | 764,076 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,445,281 |
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