Dec, 31, 2023 — EASTMILL FEDERAL CREDIT UNION is a federal credit union headquartered in EAST MILLINOCKET, ME with 2 branch locations and about $69.37 million in total assets. Opened 70 years ago in 1954, EASTMILL FEDERAL CREDIT UNION has about 4,119 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: | https://www.eastmillfcu.org |
| Branches: | 2 branch locations |
| Members: | 4,119 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $69,374,240 |
| CEO/Manager: | Derek J Hebert |
| Chairperson: | Robert L Leathers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,346,222 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,270,710 |
| Unsecured Loans | 2,315,428 |
| Other Loans | 15,743,680 |
| TOTAL LOANS | 25,849,145 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,036 |
| Land And Building | 314,792 |
| Other Fixed Assets | 50,687 |
| NCUSIF Deposit | 550,727 |
| All Other Assets | 0 |
| TOTAL ASSETS | 69,374,240 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 248,703 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,589,476 |
| Regular shares | 31,371,195 |
| All Other Shares & Deposits | 15,508,420 |
| TOTAL SHARES & DEPOSITS | 55,469,091 |
| TOTAL LIABILITIES | 55,717,794 |
| Regular Reserve | 0 |
| Other Reserves | 2,216,383 |
| Undivided Earnings | 11,440,063 |
| TOTAL EQUITY | 13,656,446 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 69,374,240 |
| INCOME & EXPENSE | |
| Loan Income | 1,292,310 |
| Investment Income | 1,252,658 |
| Other Income | 145,917 |
| Total Employee Compensation & Benefits | 1,098,729 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 970,908 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,738 |
| Cost of Funds | 453,650 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 466,497 |
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