Jun, 30, 2024 — CPORT CREDIT UNION is a federally insured state chartered credit union headquartered in PORTLAND, ME with 5 branch locations and about $426.85 million in total assets. Opened 93 years ago in 1931, CPORT CREDIT UNION has about 29,808 members and employs 101 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: | https://www.cportcu.org |
| Branches: | 5 branch locations |
| Members: | 29,808 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $426,846,441 |
| CEO/Manager: | Eugene Ardito |
| Chairperson: | Scott Paquet |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 86,483,679 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 182,052,343 |
| Unsecured Loans | 22,405,514 |
| Other Loans | 78,695,977 |
| TOTAL LOANS | 283,153,834 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -727,384 |
| Land And Building | 10,638,699 |
| Other Fixed Assets | 1,845,688 |
| NCUSIF Deposit | 3,542,392 |
| All Other Assets | 0 |
| TOTAL ASSETS | 426,846,441 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,999,273 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 110,177,632 |
| Regular shares | 153,383,978 |
| All Other Shares & Deposits | 126,483,435 |
| TOTAL SHARES & DEPOSITS | 390,045,045 |
| TOTAL LIABILITIES | 392,044,318 |
| Regular Reserve | 0 |
| Other Reserves | -2,144,581 |
| Undivided Earnings | 36,946,704 |
| TOTAL EQUITY | 34,802,123 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 426,846,441 |
| INCOME & EXPENSE | |
| Loan Income | 8,422,905 |
| Investment Income | 1,129,370 |
| Other Income | 5,996,161 |
| Total Employee Compensation & Benefits | 5,519,387 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,316,328 |
| Non-operating Income & (Expense) | 32,942 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,020,335 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,341,866 |
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