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National Credit Union Service Organization

KATAHDIN FEDERAL CREDIT UNION

Mar, 31, 2021 — KATAHDIN FEDERAL CREDIT UNION is a federal credit union headquartered in MILLINOCKET, ME with 2 branch locations and about $90.96 million in total assets. Opened 67 years ago in 1954, KATAHDIN FEDERAL CREDIT UNION has about 8,112 members and employs 30 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 STREET
MILLINOCKET, ME 04462
Phone:(207) 723-9718
Fax:(207) 723-8426
Website:http://www.katahdinfcu.org
Branches:2 branch locations
Members:8,112
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$90,957,159
CEO/Manager:Tina Jamo
Chairperson:Rodney Daigle

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 15,388,241
TOTAL INVESTMENTS 16,166,464
Loans Held for Sale 0
 
 Real Estate Loans 25,979,402
 Unsecured Loans 5,468,120
 Other Loans 25,966,800
 TOTAL LOANS 57,419,873
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -206,852
 Land And Building 418,066
 Other Fixed Assets 97,522
 NCUSIF Deposit 695,949
 All Other Assets 977,896
  TOTAL ASSETS 90,957,159
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -156,134
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,546,615
 Regular shares 46,111,611
 All Other Shares & Deposits 16,668,751
  TOTAL SHARES & DEPOSITS 79,326,977
  TOTAL LIABILITIES 79,170,843
 Regular Reserve 1,963,607
 Other Reserves -11,860
 Undivided Earnings 9,834,569
  TOTAL EQUITY 11,786,316
  TOTAL LIABILITIES, SHARES, & EQUITY 90,957,159
INCOME & EXPENSE  
 Loan Income 751,097
 Investment Income 33,622
 Other Income 149,091
 Total Employee Compensation & Benefits 477,865
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 440,792
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -1,708
 Cost of Funds 70,124
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 102,417
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