Dec, 31, 2022 — TOWN & COUNTRY FEDERAL CREDIT UNION is a federal credit union headquartered in SCARBOROUGH, ME with 6 branch locations and about $514.25 million in total assets. Opened 70 years ago in 1953, TOWN & COUNTRY FEDERAL CREDIT UNION has about 39,356 members and employs 101 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: | 39,356 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $514,246,866 |
| CEO/Manager: | David Libby |
| Chairperson: | Jane O Torres |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,518,849 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 242,601,527 |
| Unsecured Loans | 28,921,653 |
| Other Loans | 117,936,760 |
| TOTAL LOANS | 389,459,940 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,088,324 |
| Land And Building | 7,239,544 |
| Other Fixed Assets | 412,430 |
| NCUSIF Deposit | 4,557,946 |
| All Other Assets | 0 |
| TOTAL ASSETS | 514,246,866 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,074,834 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 149,711,894 |
| Regular shares | 206,781,476 |
| All Other Shares & Deposits | 120,861,787 |
| TOTAL SHARES & DEPOSITS | 477,355,157 |
| TOTAL LIABILITIES | 482,429,991 |
| Regular Reserve | 0 |
| Other Reserves | -11,142,948 |
| Undivided Earnings | 42,959,823 |
| TOTAL EQUITY | 31,816,875 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 514,246,866 |
| INCOME & EXPENSE | |
| Loan Income | 12,232,077 |
| Investment Income | 1,593,722 |
| Other Income | 2,716,494 |
| Total Employee Compensation & Benefits | 7,248,152 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,251,880 |
| Non-operating Income & (Expense) | 22,244 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -150,000 |
| Cost of Funds | 981,154 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,457,272 |
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