Dec, 31, 2023 — FIVE COUNTY CREDIT UNION is a federally insured state chartered credit union headquartered in BATH, ME with 15 branch locations and about $358.03 million in total assets. Opened 68 years ago in 1956, FIVE COUNTY CREDIT UNION has about 29,650 members and employs 128 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIVE COUNTY CREDIT UNION |
|---|---|
| Address: (Main Office) | 765 Washington St BATH, ME 04530 |
| Phone: | (207) 443-3528 |
| Fax: | (207) 443-8177 |
| Website: | https://www.fivecounty.com |
| Branches: | 15 branch locations |
| Members: | 29,650 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67993 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $358,031,719 |
| CEO/Manager: | Julie A Marquis |
| Chairperson: | Merlin Suggs |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,475,316 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 158,249,570 |
| Unsecured Loans | 24,325,815 |
| Other Loans | 83,701,838 |
| TOTAL LOANS | 266,277,223 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,285,898 |
| Land And Building | 9,214,398 |
| Other Fixed Assets | 1,566,916 |
| NCUSIF Deposit | 3,138,634 |
| All Other Assets | 0 |
| TOTAL ASSETS | 358,031,719 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,343,172 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 85,402,560 |
| Regular shares | 148,270,002 |
| All Other Shares & Deposits | 83,616,069 |
| TOTAL SHARES & DEPOSITS | 317,288,633 |
| TOTAL LIABILITIES | 324,631,805 |
| Regular Reserve | 0 |
| Other Reserves | 1,212,217 |
| Undivided Earnings | 32,187,697 |
| TOTAL EQUITY | 33,399,914 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 358,031,719 |
| INCOME & EXPENSE | |
| Loan Income | 13,067,064 |
| Investment Income | 3,473,790 |
| Other Income | 3,886,294 |
| Total Employee Compensation & Benefits | 11,149,696 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,766,095 |
| Non-operating Income & (Expense) | -10,108 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,062,583 |
| Cost of Funds | 1,211,914 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,118,561 |
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