Dec, 31, 2021 — CPORT CREDIT UNION is a federally insured state chartered credit union headquartered in PORTLAND, ME with 5 branch locations and about $411.44 million in total assets. Opened 91 years ago in 1931, CPORT CREDIT UNION has about 29,219 members and employs 90 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CPORT CREDIT UNION |
|---|---|
| Address: (Main Office) | 50 Riverside Industrial Pkwy PORTLAND, ME 04103 |
| Phone: | (207) 878-6200 |
| Fax: | (207) 878-6212 |
| Website: | http://www.cportcu.org |
| Branches: | 5 branch locations |
| Members: | 29,219 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63828 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $411,441,750 |
| CEO/Manager: | Eugene Ardito |
| Chairperson: | Scott Paquet |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 118,016,686 |
| TOTAL INVESTMENTS | 35,863,980 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 153,877,595 |
| Unsecured Loans | 18,241,331 |
| Other Loans | 63,812,306 |
| TOTAL LOANS | 235,931,232 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,176,825 |
| Land And Building | 10,849,773 |
| Other Fixed Assets | 1,779,562 |
| NCUSIF Deposit | 3,385,186 |
| All Other Assets | 6,792,156 |
| TOTAL ASSETS | 411,441,750 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,277,843 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 118,048,817 |
| Regular shares | 144,447,286 |
| All Other Shares & Deposits | 116,347,344 |
| TOTAL SHARES & DEPOSITS | 378,843,447 |
| TOTAL LIABILITIES | 381,121,290 |
| Regular Reserve | 8,912,630 |
| Other Reserves | -284,378 |
| Undivided Earnings | 21,692,208 |
| TOTAL EQUITY | 30,320,460 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 411,441,750 |
| INCOME & EXPENSE | |
| Loan Income | 9,717,972 |
| Investment Income | 743,464 |
| Other Income | 4,482,134 |
| Total Employee Compensation & Benefits | 6,259,065 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,974,908 |
| Non-operating Income & (Expense) | 46,766 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 997,065 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,274,603 |
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