Sep, 30, 2025 — KATAHDIN FEDERAL CREDIT UNION is a federal credit union headquartered in MILLINOCKET, ME with 2 branch locations and about $106.52 million in total assets. Opened 72 years ago in 1954, KATAHDIN FEDERAL CREDIT UNION has about 7,924 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KATAHDIN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1000 Central St MILLINOCKET, ME 04462-2101 |
| Phone: | (207) 723-9718 |
| Fax: | (207) 723-8426 |
| Website: | https://www.katahdinfcu.org |
| Branches: | 2 branch locations |
| Members: | 7,924 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9348 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $106,524,028 |
| CEO/Manager: | Tina Jamo |
| Chairperson: | Rodney Daigle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,732,317 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 27,685,485 |
| Unsecured Loans | 6,217,125 |
| Other Loans | 37,912,740 |
| TOTAL LOANS | 71,888,030 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -339,476 |
| Land And Building | 265,454 |
| Other Fixed Assets | 80,446 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 795,277 |
| All Other Assets | 67,250 |
| TOTAL ASSETS | 106,524,028 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 403,156 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,059,899 |
| Regular shares | 43,846,599 |
| All Other Shares & Deposits | 28,148,927 |
| TOTAL SHARES & DEPOSITS | 89,055,425 |
| TOTAL LIABILITIES | 89,458,581 |
| Regular Reserve | 0 |
| Other Reserves | -56,912 |
| Undivided Earnings | 17,122,359 |
| TOTAL EQUITY | 17,065,447 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 106,524,028 |
| INCOME & EXPENSE | |
| Loan Income | 3,636,405 |
| Investment Income | 709,310 |
| Other Income | 523,336 |
| Total Employee Compensation & Benefits | 1,450,423 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,557,220 |
| Non-operating Income & (Expense) | -36,700 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 105,230 |
| Cost of Funds | 897,295 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 954,872 |
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