Jun, 30, 2024 — MAINE MEDIA FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH PORTLAND, ME with 0 branch location and about $6.40 million in total assets. Opened 89 years ago in 1935, MAINE MEDIA FEDERAL CREDIT UNION has about 952 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 |
|---|---|
| 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: | 952 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 640 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,399,263 |
| CEO/Manager: | jennifer a hartel |
| Chairperson: | David S Hench |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,731,837 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 995,928 |
| Unsecured Loans | 114,955 |
| Other Loans | 2,078,975 |
| TOTAL LOANS | 3,189,858 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,933 |
| Land And Building | 0 |
| Other Fixed Assets | 10,305 |
| NCUSIF Deposit | 52,392 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,399,263 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,115 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,200 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 501,895 |
| Regular shares | 4,580,658 |
| All Other Shares & Deposits | 393,477 |
| TOTAL SHARES & DEPOSITS | 5,476,030 |
| TOTAL LIABILITIES | 5,480,345 |
| Regular Reserve | 0 |
| Other Reserves | 305,087 |
| Undivided Earnings | 613,831 |
| TOTAL EQUITY | 918,918 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,399,263 |
| INCOME & EXPENSE | |
| Loan Income | 83,067 |
| Investment Income | 15,583 |
| Other Income | 3,914 |
| Total Employee Compensation & Benefits | 66,565 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 60,768 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,264 |
| Cost of Funds | 5,254 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -21,488 |
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