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MAINE MEDIA FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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