Sep, 30, 2025 — TOWN & COUNTRY FEDERAL CREDIT UNION is a federal credit union headquartered in SCARBOROUGH, ME with 6 branch locations and about $610.89 million in total assets. Opened 73 years ago in 1953, TOWN & COUNTRY FEDERAL CREDIT UNION has about 38,818 members and employs 127 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TOWN & COUNTRY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 32 Little Dolphin Drive SCARBOROUGH, ME 04074 |
| Phone: | (207) 773-5656 |
| Fax: | (207) 772-3624 |
| Website: | https://www.tcfcu.com |
| Branches: | 6 branch locations |
| Members: | 38,818 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8486 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $610,890,974 |
| CEO/Manager: | David Libby |
| Chairperson: | Jane O Torres |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,043,206 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 322,347,254 |
| Unsecured Loans | 37,055,444 |
| Other Loans | 115,624,159 |
| TOTAL LOANS | 475,026,857 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,271,464 |
| Land And Building | 6,833,942 |
| Other Fixed Assets | 5,304,972 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,791,115 |
| All Other Assets | 0 |
| TOTAL ASSETS | 610,890,974 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 55,000,000 |
| Accounts Payable & Other Liabilities | 10,177,819 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 141,217,410 |
| Regular shares | 159,146,873 |
| All Other Shares & Deposits | 203,496,010 |
| TOTAL SHARES & DEPOSITS | 503,860,293 |
| TOTAL LIABILITIES | 569,038,112 |
| Regular Reserve | 0 |
| Other Reserves | -7,134,755 |
| Undivided Earnings | 48,987,617 |
| TOTAL EQUITY | 41,852,862 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 610,890,974 |
| INCOME & EXPENSE | |
| Loan Income | 20,877,113 |
| Investment Income | 3,145,070 |
| Other Income | 2,854,502 |
| Total Employee Compensation & Benefits | 10,587,486 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 9,293,723 |
| Non-operating Income & (Expense) | 176,268 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,125,000 |
| Cost of Funds | 8,000,780 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,163,352 |
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