Sep, 30, 2022 — 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 69 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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
| ↑ Back to Top | |