Dec, 31, 2023 — ACADIA FEDERAL CREDIT UNION is a federal credit union headquartered in FORT KENT, ME with 8 branch locations and about $332.84 million in total assets. Opened 61 years ago in 1963, ACADIA FEDERAL CREDIT UNION has about 16,473 members and employs 85 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ACADIA FEDERAL CREDIT UNION |
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Address: (Main Office) | 9 E Main St FORT KENT, ME 04743-1306 |
Phone: | (207) 834-6167 |
Fax: | (207) 834-6190 |
Website: | https://www.acadiafcu.org |
Branches: | 8 branch locations |
Members: | 16,473 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15619 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $332,844,166 |
CEO/Manager: | David D Desjardins |
Chairperson: | Mary K McCarthy |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,401,622 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 172,061,726 |
Unsecured Loans | 9,671,716 |
Other Loans | 94,879,596 |
TOTAL LOANS | 277,339,315 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,823,086 |
Land And Building | 6,914,862 |
Other Fixed Assets | 832,085 |
NCUSIF Deposit | 2,623,346 |
All Other Assets | 0 |
TOTAL ASSETS | 332,844,166 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,133,307 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 62,643,191 |
Regular shares | 81,113,470 |
All Other Shares & Deposits | 150,147,235 |
TOTAL SHARES & DEPOSITS | 293,903,895 |
TOTAL LIABILITIES | 295,053,542 |
Regular Reserve | 0 |
Other Reserves | 7,029,390 |
Undivided Earnings | 30,761,234 |
TOTAL EQUITY | 37,790,624 |
TOTAL LIABILITIES, SHARES, & EQUITY | 332,844,166 |
INCOME & EXPENSE | |
Loan Income | 14,176,590 |
Investment Income | 842,598 |
Other Income | 632,668 |
Total Employee Compensation & Benefits | 6,188,653 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,705,429 |
Non-operating Income & (Expense) | 125,900 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 355,083 |
Cost of Funds | 3,300,442 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,996,437 |
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