Jun, 30, 2021 — CAPITAL AREA FEDERAL CREDIT UNION is a federal credit union headquartered in Augusta, ME with 1 branch location and about $58.20 million in total assets. Opened 67 years ago in 1954, CAPITAL AREA FEDERAL CREDIT UNION has about 3,862 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CAPITAL AREA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO box 2626 Augusta, ME 04338-2626 |
| Phone: | (207) 622-3442 |
| Fax: | (207) 623-2276 |
| Website: | https://www.capitalareafcu.org |
| Branches: | 1 branch locations |
| Members: | 3,862 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9919 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,195,501 |
| CEO/Manager: | Diana Winkley |
| Chairperson: | Thomas Doore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,456,220 |
| TOTAL INVESTMENTS | 2,704,050 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,674,521 |
| Unsecured Loans | 2,479,375 |
| Other Loans | 17,878,525 |
| TOTAL LOANS | 35,032,421 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -282,358 |
| Land And Building | 605,176 |
| Other Fixed Assets | 24,514 |
| NCUSIF Deposit | 381,707 |
| All Other Assets | 273,771 |
| TOTAL ASSETS | 58,195,501 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 302,434 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,151,994 |
| Regular shares | 28,168,589 |
| All Other Shares & Deposits | 13,969,021 |
| TOTAL SHARES & DEPOSITS | 50,289,604 |
| TOTAL LIABILITIES | 50,592,038 |
| Regular Reserve | 373,928 |
| Other Reserves | 0 |
| Undivided Earnings | 7,229,535 |
| TOTAL EQUITY | 7,603,463 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,195,501 |
| INCOME & EXPENSE | |
| Loan Income | 978,860 |
| Investment Income | 11,872 |
| Other Income | 272,792 |
| Total Employee Compensation & Benefits | 314,717 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 425,116 |
| Non-operating Income & (Expense) | 21,230 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,000 |
| Cost of Funds | 203,011 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 337,910 |
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