Jun, 30, 2024 — CUMBERLAND COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in FALMOUTH, ME with 7 branch locations and about $424.19 million in total assets. Opened 70 years ago in 1954, CUMBERLAND COUNTY FEDERAL CREDIT UNION has about 21,999 members and employs 63 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CUMBERLAND COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 101 Gray Rd FALMOUTH, ME 04105 |
| Phone: | (207) 878-3441 |
| Fax: | (207) 878-5327 |
| Website: | https://www.myccfcu.com |
| Branches: | 7 branch locations |
| Members: | 21,999 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9500 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $424,188,156 |
| CEO/Manager: | Scott Harriman |
| Chairperson: | Jerry Caruso |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,221,415 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 124,300,045 |
| Unsecured Loans | 7,853,523 |
| Other Loans | 77,577,203 |
| TOTAL LOANS | 209,730,771 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,505,088 |
| Land And Building | 8,112,467 |
| Other Fixed Assets | 410,793 |
| NCUSIF Deposit | 3,541,751 |
| All Other Assets | 0 |
| TOTAL ASSETS | 424,188,156 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,947,614 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 61,198,685 |
| Regular shares | 127,291,934 |
| All Other Shares & Deposits | 195,569,511 |
| TOTAL SHARES & DEPOSITS | 384,060,130 |
| TOTAL LIABILITIES | 388,007,744 |
| Regular Reserve | 0 |
| Other Reserves | 2,457,172 |
| Undivided Earnings | 33,723,240 |
| TOTAL EQUITY | 36,180,412 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 424,188,156 |
| INCOME & EXPENSE | |
| Loan Income | 6,367,263 |
| Investment Income | 1,409,103 |
| Other Income | 800,737 |
| Total Employee Compensation & Benefits | 3,822,285 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,462,490 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 270,000 |
| Cost of Funds | 1,276,880 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,796,412 |
| ↑ Back to Top | |