Dec, 31, 2022 — CENTRAL MAINE FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISTON, ME with 2 branch locations and about $134.77 million in total assets. Opened 73 years ago in 1950, CENTRAL MAINE FEDERAL CREDIT UNION has about 7,171 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENTRAL MAINE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1000 Lisbon St LEWISTON, ME 04240-5721 |
| Phone: | (207) 783-1475 |
| Fax: | (207) 777-1914 |
| Website: | https://www.centralmainecu.com |
| Branches: | 2 branch locations |
| Members: | 7,171 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6936 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $134,768,695 |
| CEO/Manager: | Kerry L Hayes |
| Chairperson: | Christopher Crowley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 53,328,084 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,333,140 |
| Unsecured Loans | 1,218,396 |
| Other Loans | 8,970,731 |
| TOTAL LOANS | 38,634,670 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -176,931 |
| Land And Building | 2,467,695 |
| Other Fixed Assets | 10,737 |
| NCUSIF Deposit | 1,006,904 |
| All Other Assets | 0 |
| TOTAL ASSETS | 134,768,695 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -1,295,996 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,945,005 |
| Regular shares | 22,871,660 |
| All Other Shares & Deposits | 77,935,883 |
| TOTAL SHARES & DEPOSITS | 121,752,548 |
| TOTAL LIABILITIES | 120,456,552 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 14,312,143 |
| TOTAL EQUITY | 14,312,143 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 134,768,695 |
| INCOME & EXPENSE | |
| Loan Income | 1,184,273 |
| Investment Income | 192,209 |
| Other Income | 184,645 |
| Total Employee Compensation & Benefits | 564,864 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 803,023 |
| Non-operating Income & (Expense) | 39,997 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 270,218 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 609,151 |
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