Jun, 30, 2024 — CAPITAL AREA FEDERAL CREDIT UNION is a federal credit union headquartered in AUGUSTA, ME with 1 branch location and about $59.63 million in total assets. Opened 71 years ago in 1954, CAPITAL AREA FEDERAL CREDIT UNION has about 3,804 members and employs 12 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 |
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Address: (Main Office) | 2010 N Belfast ave AUGUSTA, ME 04330 |
Phone: | (207) 622-3442 |
Fax: | (207) 623-2276 |
Website: | https://www.capitalareafcu.org |
Branches: | 1 branch locations |
Members: | 3,804 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9919 |
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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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $59,629,106 |
CEO/Manager: | Diana Winkley |
Chairperson: | Thomas Doore |
ASSETS: | $ Amount |
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Cash & Equivalents | 12,723,566 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 19,402,996 |
Unsecured Loans | 2,206,948 |
Other Loans | 18,929,699 |
TOTAL LOANS | 40,539,643 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -214,426 |
Land And Building | 573,275 |
Other Fixed Assets | 21,312 |
NCUSIF Deposit | 489,406 |
All Other Assets | 3,000 |
TOTAL ASSETS | 59,629,106 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 716,697 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,241,541 |
Regular shares | 29,876,155 |
All Other Shares & Deposits | 12,347,850 |
TOTAL SHARES & DEPOSITS | 50,465,546 |
TOTAL LIABILITIES | 51,182,243 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 8,446,863 |
TOTAL EQUITY | 8,446,863 |
TOTAL LIABILITIES, SHARES, & EQUITY | 59,629,106 |
INCOME & EXPENSE | |
Loan Income | 1,479,250 |
Investment Income | 143,864 |
Other Income | 433,860 |
Total Employee Compensation & Benefits | 581,373 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 738,356 |
Non-operating Income & (Expense) | 29,422 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,500 |
Cost of Funds | 233,351 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 525,816 |
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