Jun, 30, 2024 — GARDINER FEDERAL CREDIT UNION is a federal credit union headquartered in GARDINER, ME with 1 branch location and about $82.52 million in total assets. Opened 71 years ago in 1953, GARDINER FEDERAL CREDIT UNION has about 5,126 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GARDINER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 420 Brunswick Ave GARDINER, ME 04345-2836 |
| Phone: | (207) 582-2676 |
| Fax: | (207) 582-3108 |
| Website: | https://gardinerfcu.org |
| Branches: | 1 branch locations |
| Members: | 5,126 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8367 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Nov 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $82,518,852 |
| CEO/Manager: | Vicki L Larrabee |
| Chairperson: | Jeanne M Frost |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,732,357 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,159,100 |
| Unsecured Loans | 2,316,980 |
| Other Loans | 22,882,466 |
| TOTAL LOANS | 43,464,285 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -103,307 |
| Land And Building | 1,637,252 |
| Other Fixed Assets | 72,071 |
| NCUSIF Deposit | 655,194 |
| All Other Assets | 0 |
| TOTAL ASSETS | 82,518,852 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 580,306 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,098,773 |
| Regular shares | 48,556,679 |
| All Other Shares & Deposits | 12,644,284 |
| TOTAL SHARES & DEPOSITS | 72,299,736 |
| TOTAL LIABILITIES | 72,880,042 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,638,810 |
| TOTAL EQUITY | 9,638,810 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 82,518,852 |
| INCOME & EXPENSE | |
| Loan Income | 1,534,243 |
| Investment Income | 123,269 |
| Other Income | 218,452 |
| Total Employee Compensation & Benefits | 682,286 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 840,521 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 202,121 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 655,834 |
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