Dec, 31, 2023 — GARDINER FEDERAL CREDIT UNION is a federal credit union headquartered in GARDINER, ME with 1 branch location and about $81.31 million in total assets. Opened 71 years ago in 1953, GARDINER FEDERAL CREDIT UNION has about 5,143 members and employs 14 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 |
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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: | 5,143 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8367 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $81,306,660 |
CEO/Manager: | Vicki L Larrabee |
Chairperson: | Jeanne M Frost |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,883,745 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,170,879 |
Unsecured Loans | 2,769,251 |
Other Loans | 25,232,242 |
TOTAL LOANS | 45,933,329 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -98,568 |
Land And Building | 1,596,316 |
Other Fixed Assets | 39,518 |
NCUSIF Deposit | 685,807 |
All Other Assets | 0 |
TOTAL ASSETS | 81,306,660 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 418,225 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,726,724 |
Regular shares | 44,740,627 |
All Other Shares & Deposits | 13,727,891 |
TOTAL SHARES & DEPOSITS | 69,195,242 |
TOTAL LIABILITIES | 69,613,467 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 11,693,193 |
TOTAL EQUITY | 11,693,193 |
TOTAL LIABILITIES, SHARES, & EQUITY | 81,306,660 |
INCOME & EXPENSE | |
Loan Income | 2,509,529 |
Investment Income | 1,185,967 |
Other Income | 308,385 |
Total Employee Compensation & Benefits | 962,844 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,258,188 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 625,110 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,706,464 |
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