Dec, 31, 2023 — MAINE MEDIA FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH PORTLAND, ME with 0 branch location and about $6.42 million in total assets. Opened 89 years ago in 1935, MAINE MEDIA FEDERAL CREDIT UNION has about 933 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MAINE MEDIA FEDERAL CREDIT UNION |
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Address: (Main Office) | 295 Gannett Dr SOUTH PORTLAND, ME 04106-6910 |
Phone: | (207) 774-4307 |
Fax: | (207) 799-4795 |
Website: | https://www.mainemedia.com |
Branches: | 0 branch locations |
Members: | 933 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 640 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,424,919 |
CEO/Manager: | jennifer a hartel |
Chairperson: | David S Hench |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,147,591 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,418,660 |
Unsecured Loans | 187,511 |
Other Loans | 2,502,458 |
TOTAL LOANS | 4,108,629 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,813 |
Land And Building | 0 |
Other Fixed Assets | 6,409 |
NCUSIF Deposit | 56,129 |
All Other Assets | 0 |
TOTAL ASSETS | 6,424,919 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,925 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,808 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 452,615 |
Regular shares | 4,096,669 |
All Other Shares & Deposits | 872,555 |
TOTAL SHARES & DEPOSITS | 5,421,839 |
TOTAL LIABILITIES | 5,427,572 |
Regular Reserve | 0 |
Other Reserves | 305,087 |
Undivided Earnings | 692,260 |
TOTAL EQUITY | 997,347 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,424,919 |
INCOME & EXPENSE | |
Loan Income | 152,288 |
Investment Income | 116,135 |
Other Income | 6,537 |
Total Employee Compensation & Benefits | 101,169 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 83,358 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,309 |
Cost of Funds | 23,493 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 78,405 |
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» See also Statement of Financial Condition