Dec, 31, 2021 — EASTMILL FEDERAL CREDIT UNION is a federal credit union headquartered in EAST MILLINOCKET, ME with 2 branch locations and about $73.82 million in total assets. Opened 68 years ago in 1954, EASTMILL FEDERAL CREDIT UNION has about 3,994 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EASTMILL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 60 Main St EAST MILLINOCKET, ME 04430-1128 |
| Phone: | (207) 746-3428 |
| Fax: | (207) 746-5881 |
| Website: | http://www.eastmillfcu.org |
| Branches: | 2 branch locations |
| Members: | 3,994 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9518 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $73,820,729 |
| CEO/Manager: | Daniel A Byron |
| Chairperson: | Robert L Leathers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,372,613 |
| TOTAL INVESTMENTS | 46,706,778 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,716,502 |
| Unsecured Loans | 2,008,846 |
| Other Loans | 8,984,365 |
| TOTAL LOANS | 18,504,633 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,410 |
| Land And Building | 365,732 |
| Other Fixed Assets | 54,089 |
| NCUSIF Deposit | 565,197 |
| All Other Assets | 3,313,097 |
| TOTAL ASSETS | 73,820,729 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 95,102 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,540,915 |
| Regular shares | 37,499,188 |
| All Other Shares & Deposits | 14,640,184 |
| TOTAL SHARES & DEPOSITS | 60,680,287 |
| TOTAL LIABILITIES | 60,775,389 |
| Regular Reserve | 2,216,383 |
| Other Reserves | 0 |
| Undivided Earnings | 10,828,957 |
| TOTAL EQUITY | 13,045,340 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 73,820,729 |
| INCOME & EXPENSE | |
| Loan Income | 907,527 |
| Investment Income | 570,284 |
| Other Income | 123,585 |
| Total Employee Compensation & Benefits | 965,897 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 743,891 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,000 |
| Cost of Funds | 223,608 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 77,734 |
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